Signature Bank is accused of having "actual knowledge" of FTX fraud since June 2020, yet still publicly promoted it

ChainCatcher news, according to Bloomberg, Statistica accuses the cryptocurrency-friendly bank Signature Bank of facilitating the collapse of FTX by allowing it to mix customer accounts with the Signet blockchain network.

The lawsuit shows that Signature Bank had "actual knowledge" of FTX's fraud at least since June 2020, yet continued to publicly promote FTX and failed to "close, suspend, or otherwise restrict" the accounts of Alameda or FTX that violated the terms of service, which "greatly facilitated" the fraud. (Source link)