Summary
- Investors harmed by the collapse of FTX can apply for compensation from a Silvergate-related class-action US$10 million settlement.
- This settlement is an additional remedy paid separately from compensation through the FTX bankruptcy process.
- About 46,000 people are eligible to apply, and must file through the official settlement website by January 30, 2026.
Investors harmed by the collapse of FTX can apply for separate compensation under a class-action settlement related to Silvergate Bank. The settlement amount is US$10 million.
On the 17th (local time), crypto-focused media Cointelegraph reported that the class-action settlement related to Silvergate reached a US$10 million agreement, allowing customers who had used FTX and Alameda Research accounts to file claims.
About 46,000 people are eligible, and they must apply through the official settlement website by January 30, 2026. This settlement is an additional remedy paid separately from compensation received through the FTX bankruptcy process.
The lawsuit was pursued to resolve the question of whether Silvergate aided and abetted FTX's fraudulent conduct. Regulators, including the U.S. Securities and Exchange Commission (SEC), have alleged that Silvergate failed to properly operate anti-money laundering (AML) systems and therefore did not detect approximately US$9 billion in suspicious transactions related to FTX.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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