Did you deposit fiat currency into an FTX- or Alameda related account at Silvergate Bank between April 1, 2019, and November 11, 2022?
There is a $10,000,000 settlement of a lawsuit. You may be entitled to money.
To be part of this settlement, you should:
Read this website.
Respond by January 30, 2026.
If you take no action, you will still be bound by the settlement, and your rights will be affected.
Important Things to Know:
This Settlement resolves a lawsuit over whether Silvergate Bank, Silvergate Capital Corporation, and Alan J. Lane aided and abetted tortious conduct on the part of FTX, Alameda, and Sam Bankman-Fried.
It avoids costs and risks from continuing the lawsuit, pays money to investors, and releases Silvergate Bank, Silvergate Capital Corporation, and Alan J. Lane from liability.
The two sides disagree on how much money could have been won at trial.
Lawyers for the investors will ask the Court for up to 33% ($3,300,000.00) of the settlement for their work on this case, plus the reimbursement of out-of-pocket expenses not to exceed $175,000.00. Your lawyers will also ask the Court to approve a payment of $10,000.00 to the three named plaintiffs for their time and effort in bringing this lawsuit.
Options | More Information about each option |
Submit A Claim | You must submit a claim by January 30, 2026, to receive payment. You will be bound by the settlement. |
Do Nothing | Get no payment. Give up rights resolved by settlement. |
Opt Out | Get no payment. Allows you to bring another lawsuit against Silvergate Bank, Silvergate Capital Corporation, and Alan J. Lane about the same issues, if you opt out byJanuary 30, 2026. |
Do Nothing | Tell the Court why you don’t like the settlement by January 30, 2026. |
Upcoming Important Dates
Claim Deadline
1/30/2026
Objection Deadline
1/30/2026
Opt Out Deadline
1/30/2026
Final Approval Hearing
2/9/2026