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Crypto Bank Silvergate Hit With Investor Suit Over FTX Ties

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By Hailey Konnath (December 2, 2022, 7:30 PM EST) — Investors have lodged a proposed class action against Silvergate Bank, which they say was “complicit in and responsible for” some of the losses stemming from the downfall of FTX Trading Ltd. because the cryptocurrency bank allowed FTX to direct customer deposits to a hedge fund owned by its former CEO, Sam Bankman-Fried….

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