March 20, 2023
The Federal Deposit Insurance Corp. asked a New York federal judge on Monday to pause a proposed class action against Signature Bank over its ties to FTX, arguing federal law requires the claims be exhausted first in administrative court since the bank has been put in the receivership of the FDIC.
February 07, 2023
Signature Bank was hit with a potential class action suit alleging that it was aware of the financial entanglement between now-bankrupt FTX Trading Ltd. and Alameda Research and did nothing to alert regulators or stop its own clients from contributing money to the cryptocurrency exchange's fraud scheme.