Two potentially deep pockets of recovery for former customers of the collapsed cryptocurrency exchange FTX just got a lot shallower.
Those developments, according to plaintiffs' lawyers who have named the banks in a suit by FTX customers, will severely restrict the amount of money they can tap if they manage to establish that the banks bear responsibility.
That's not the only uncertainty surrounding FTX customers' litigation to recover their lost funds. A special panel of federal judges, known as the U.S.
One law firm that has brought a case against Silvergate, Girard Sharp, told the judicial panel that it favors consolidation with other class actions by FTX customers — but it called for all of the cases to be transferred to San Francisco, where several other FTX class actions were filed.
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