A court-approved settlement involving the now-shuttered Silvergate Bank, which had ties to FTX, could potentially result in payouts to over 46,000 claimants, according to reports. Silvergate Bank closed in 2023. The development suggests that clients of FTX and Alameda, may be involved in the distribution of the settlement funds. The settlement aims to address claims arising from the bank's collapse and its relationship with the troubled crypto exchange. The specifics of the settlement and the amounts to be distributed to individual claimants remain subject to court approval.

A court-approved settlement involving the now-shuttered Silvergate Bank, which had ties to FTX, could potentially result in payouts to over 46,000 claimants, according to reports. Silvergate Bank closed in 2023. The development suggests that clients of FTX and Alameda, may be involved in the distribution of the settlement funds. The settlement aims to address claims arising from the bank's collapse and its relationship with the troubled crypto exchange. The specifics of the settlement and the amounts to be distributed to individual claimants remain subject to court approval.