SBF and FTX fraud 'aided and abetted' by Silvergate Financial institution, alleges lawsuit

Silvergate Financial institution and its CEO Alan Lane have been accused of “aiding and abetting” a “multibillion-dollar fraudulent scheme orchestrated by Sam Bankman-Fried (SBF)” and two of his entities, FTX and Alameda Analysis, in a newly proposed class motion lawsuit.

The proposed class-action lawsuit was filed in america District Court docket of the Northern District of California on Feb. 14 by legal professionals representing a San Francisco-based FTX person who — similar to all different FTX prospects — was frozen out of round $20,000 in crypto when the change collapsed final 12 months.

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