A class-action complaint, filed by an FTX investor in federal court in Miami on Wednesday, names more than a dozen defendants, including Silvergate Bank, Signature Bank, Deltec Bank & Trust, Sequoia Capital, Softbank Vision Fund, Paradigm Operations, Thoma Bravo and Tiger Global.
The complaint alleges those firms benefited from and conspired with the beleaguered crypto exchange to defraud customers. “The FTX fraud was a towering house of cards, and one that [Sam Bankman-Fried] could not have built on his own,” the lawsuit said. Signature Bank said it “believes there is no merit to these allegations, and we will vigorously defend ourselves.” Silvergate declined to comment. The other defendants did not immediately respond to requests for comment.These three words are taking over LinkedIn.