ຫຸ້ນ Silvergate ຫຼຸດລົງ 9% following the announcement of a lawsuit against the bank for its alleged “integral” role in Sam Bankman-Fried’s FTX exchange.
The stock is trading near an all-time low. Peer crypto stocks were also lower, with Robinhood down 5.9% and Coinbase lower by 3.7% at 2:12 p.m. ET.
The lawsuit, which is seeking class action status, argues that the crypto bank is liable in the alleged fraud at the collapsed FTX exchange because it maintained accounts for the collapsed exchange and sister trading firm Alameda Research, aiding and abetting breach of fiduciary duty.
Filed in the U.S. District Court for the Southern District of California, the lawsuit claims Silvergate had “plain sight” of crimes being committed because of the numerous accounts it held for FTX Ltd., FTX US and Alameda.
FTX founder and former CEO Sam Bankman-Fried was arrested on Dec. 12 in the Bahamas on charges that include wire fraud, wire fraud conspiracy, securities fraud, securities fraud conspiracy and money laundering.
ການປະຕິເສດຄວາມຮັບຜິດຊອບ: ເລີ່ມຕົ້ນໃນປີ 2021, Michael McCaffrey, ອະດີດ CEO ແລະເຈົ້າຂອງສ່ວນໃຫຍ່ຂອງ The Block, ໄດ້ເອົາເງິນກູ້ຈາກຜູ້ກໍ່ຕັ້ງແລະອະດີດ FTX ແລະ Alameda CEO Sam Bankman-Fried. McCaffrey ໄດ້ລາອອກຈາກບໍລິສັດໃນເດືອນທັນວາ 2022 ຫຼັງຈາກບໍ່ໄດ້ເປີດເຜີຍທຸລະກໍາເຫຼົ່ານັ້ນ.
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Source: https://www.theblock.co/post/196395/silvergate-shares-slide-after-lawsuit-accuses-the-bank-of-playing-an-integral-role-in-ftx-fraud?utm_source=rss&utm_medium=rss