Silvergate Bank said it asked the court to separate the FTX customer lawsuit. In a previously filed federal lawsuit, Silvergate Bank was accused of helping bankrupt cryptocurrency exchange FTX handle customer funds. Silvergate Bank said it had urged a federal judge in California. Don’t lump these lawsuits into the lawsuit against former FTX CEO SBF. This week Silvergate Bank's stock price plummeted due to delays in submitting its annual report, and several crypto companies publicly stated that they would no longer use its services.