A class-action lawsuit was filed against Signature Bank in February, alleging the bank knew about – and facilitated – the “now infamous FTX fraud.” Specifically, the suit accuses Signature Bank of having knowledge of and permitting “the commingling of [the FTX exchange’s] customer funds within its proprietary, blockchain-based payments network, Signet.”
Source: https://www.coindesk.com/policy/2023/03/16/signature-banks-prospective-buyers-must-agree-to-give-up-all-crypto-business-report/?utm_medium=referral&utm_source=rss&utm_campaign=headlines