Statistica Capital Files Lawsuit Against Signature Bank
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Investment company Statistica Capital has just accused Signature Bank of contributing to FTX’s collapse by allowing the exchange to mix client funds on its blockchain network.
Bloomberg has reported that Signature did so even though it saw suspicious transfers through the Signet payment platform.
The bank announced in December that it plans to get rid of customer deposits from the digital asset industry in the amount of up to $10 billion. The institution said it made this decision in order to distance itself from the crypto industry in the wake of the collapse of FTX.
FTX’s funds accounted for less than 10% of total deposits in Signature as of November 14, 2022.
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