Workflow
Court Approves $37.5M Cash Settlement With Silvergate Capital Corporation in Securities Fraud Class Action
GlobeNewswire News Room·2025-09-04 05:35

In the wake of FTX cryptocurrency fraud, investors claim Silvergate Bank misled the public about its customer vetting and anti-money laundering programs. Subsequent run on the bank led to Silvergate Bank’s demise and Silvergate Capital’s bankruptcy. SAN DIEGO, Sept. 03, 2025 (GLOBE NEWSWIRE) -- Today, a federal judge in California granted final approval of a $37.5 million cash settlement between investors and Silvergate Capital Corporation, the holding company for Silvergate Bank, resolving a securities fr ...