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Signature Bank accused in lawsuit of overlooking FTX fraud

February 7, 2023

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Signature Bank was accused in a lawsuit by an investment firm of facilitating the FTX collapse by allowing the now-defunct crypto exchange to commingle customer accounts with its blockchain network.

Signature did this even though it had observed suspicious FTX transfers through its Signet blockchain payment network, Statistica Capital Ltd. said in a complaint filed Monday in federal court in Manhattan.

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