A class-action lawsuit was filed on Monday against Signature Bank for its involvement with FTX and allegedly helping it.

Signature Bank, a crypto-friendly bank, is a real estate lender in the New York area.

In the lawsuit, algorithm trading company Statistica Capital claimed Signature Bank had actual knowledge of and substantially facilitated the FTX fraud.
Statistica Capital claims it advised the bank that payments on Signet meant for FTX were transferred to Alameda Research.
- Signet is Signature Bank's digital payment platform that allows customers to deposit cash in exchange for tokens.
Signature Bank told investors that deposits linked to FTX amounted to less than 0.1% of the overall deposits.