A cryptocurrency investor who says he entrusted his assets to the now bankrupt FTX exchange has sued Silvergate Bank in a proposed class action, alleging it aided and abetted massive fraud by FTX’s founder, Sam Bankman-Fried.
“Silvergate is liable for its role in furthering FTX’s investment fraud and breaches of fiduciary duty,” Joewy Gonzalez said on behalf of himself and others who put their cryptocurrency investments in FTX accounts. He filed his complaint Wednesday in the US District Court for the Southern District of California against Silvergate and a related company, Silvergate Capital Corp.
The suit focuses on allegedly improper ...
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