Silvergate Shares are down 9% following the news of the lawsuit

Silvergate shares fell 9% following news of a lawsuit against it for its “integral” participation on Sam Bankman-Fried’s exchange. Peer crypto stocks also fell, with Robinhood falling 5.9% and Coinbase falling 3.7%, according to the lawsuit. The lawsuit is seeking class action status. According to the lawsuit, the cryptocurrency bank is being held responsible for the alleged fraud at the defunct FTX exchange. We encourage you to do your own research before investing.Join us to keep track of news: coincu.comThanaCoinCu NewsTags: FTXFTX CollapseSam Bankman-FriedSilvergatesilvergate bank