FTX Bank Settlement
If you transferred fiat currency into an FTX- or Alameda-related account at Silvergate Bank between 4/1/2019 and 11/11/2022 and still held assets on FTX.com or FTX.US on 11/11/2022, you could receive money from a $10 million class action settlement. Submit a claim by January 30, 2026 or risk losing your benefit. File Online at FTXBankSettlement.com
At-a-Glance
- Settlement Fund: $10,000,000
- Claim Deadline: January 30, 2026
- Opt-Out/Objection Deadline: January 30, 2026
- Final Approval Hearing: February 9, 2026 (U.S. District Court, S.D. Cal.)
- Case Name: Bhatia v. Silvergate Bank et al., No. 3:2023-cv-01406
Who Is Eligible?
You are a class member if:
- You deposited fiat currency into an FTX or Alameda account held at Silvergate Bank anytime from April 1 2019 through November 11 2022; and
- You still had fiat or crypto in an FTX.com or FTX.US account on November 11 2022.
Key exclusions include Silvergate employees or affiliates, FTX/Alameda insiders, the court and its staff, and immediate family members of CEO Alan Lane. Unsure? Call (833) 417-4936 or email info@FTXBankSettlement.com.
Potential Payment
Your share equals:
(Your Verified Loss ÷ Total Verified Losses) × Net Settlement Fund
The Net Fund is what remains after court-approved attorney fees (up to $3.3 million), costs (≤ $175k), and service awards ($10k total for three plaintiffs) are deducted.
Your Four Options
- Submit a Claim: Receive money and give up the right to sue separately.
- Opt Out: Keep the right to sue on your own; receive no money from this deal.
- Object: Stay in the case but tell the Court why you dislike the settlement.
- Do Nothing: No money and you still lose the right to sue later.
Important Documents
Download the official claim form below or file directly on the settlement website.
Download Claim Form (PDF)Timeline & Next Steps
- Now – Jan 30 2026: Submit claim, opt out, or file objection.
- Feb 9 2026: Court’s Fairness Hearing in San Diego.
- After Approval: Payments issued once any appeals are resolved.
Frequently Asked Questions
What is the FTX Bank Settlement about?
The lawsuit alleges Silvergate Bank, its parent, and former CEO Alan Lane knowingly aided FTX, Alameda, and Sam Bankman-Fried in mishandling customer deposits. Defendants deny wrongdoing but agreed to settle for $10 million to avoid further litigation.
How much money will I get from the FTX Bank Settlement?
Your payment depends on your net losses compared with all approved claims after fees and costs. Exact amounts will be calculated once all claims are reviewed.
Do I need proof to file a claim?
Yes. You must provide documentation showing a qualifying fiat deposit into a Silvergate Bank FTX/Alameda account during the class period and that you held assets on FTX.com or FTX.US on 11/11/2022.
Can I still sue Silvergate separately?
Only if you opt out by January 30 2026. Otherwise, the settlement’s release will bar future claims on these issues.
Who represents the class in the FTX Bank Settlement?
Court-appointed counsel from Girard Sharp LLP, Blood Hurst & O’Reardon LLP, Levine Kellogg Lehman Schneider & Grossman LLP, and Fitzgerald Monroe Flynn PC.