Crypto Bank Silvergate Hit With Class Action Lawsuit Over FTX, Alameda Dealings

Jon Breyfogle

Digital Securities Lab Community Manager
Staff member
May 30, 2022
Findlay, Ohio
A class action lawsuit against Silvergate Bank, Silvergate Capital Corporation, and Silvergate CEO Alan Lane was filed Wednesday in the U.S. District Court for the Southern District of California, alleging the defendants directly aided and abetted FTX’s fraudulent activities.

Per court filings, plaintiff Joewy Gonzalez and “all others similarly situated” entrusted their investments to the now-bankrupt crypto exchange FTX, which promised investors that they would be able to "store assets securely as they gained in value, cash them out or trade them for other assets or financial products.”


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