Crypto investment company sues Signature Bank for facilitating fraudulent FTX transfers: Report
Crypto investment company sues Signature Bank for facilitating fraudulent FTX transfers: Report
The investment management and cryptocurrency trading company Statistica Capital based on the British virgin islands has filed a lawsuit against the Signature Bank based in New York, in which the financial institution has made the fraudulent activities of the crypto tour FTX easier before it collapses.
according to Bloomberg Report The collective action was submitted to the US district court for the southern district of New York in Manhattan on Monday. In the complaint it was claimed that signature facilitated the FTX fraud and played an important role.
alleged role of signature for FTX fraud
remember that FTX went bankrupt in November 2022 after suffering from a serious liquidity crisis. While the stock exchange is still in court and tries to find out how the founder and former CEO Sam Bankman-Fried (SBF) abused the money of the users, the Signature Bank announced that it would withdraw from the crypto room.
In December the bank announced that it reduces its crypto -bound deposits by $ 8 billion to $ 10 billion, and referred to the Bärenmarkt 2022 and the decline of FTX.
last month, cryptopotato when the crypto exchange binance warned its users that signature had set its Swift transfer limit to $ 100,000, which further restricted its engagement in the field of digital assets.
While Signature continues to remove from the industry, his role in the collapse of FTX has not been unnoticed. Statistica accused the bank of having allowed the battered stock exchange to combine user accounts with their blockchain network.
Signature did not report the responsible authorities, although it noticed suspicious FTX transactions about its Blockchain payment network Signet.
In the complaint it was said that the bank based in New York had known about FTX's fraudulent activities since June 2020. Signature, however, allegedly made fraud easier by advertising the exchange in public and not blocking the Alameda or FTX accounts.
Statistica submitted the lawsuit as a planned class action lawsuit to enable it and other affected companies to obtain damages from the collapse of FTX due to the misconduct of signature.
ftx tries to claim donations to politicians
In the meantime, new FTX administrators try to regain funds that were donated to politicians as CEO during the time of SBF. According to reports, the founder of the stock exchange and his cohorts donated around $ 93 million to such parties.
The crypto company has sent confidential messages to the beneficiaries with the request to return the donations until February 28th.
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