Fenwick & West Agrees to $54 Million Settlement Over FTX Involvement

Fenwick & West LLP, the law firm advising former cryptocurrency exchange FTX, has agreed to settle a class action lawsuit for $54 million.

The lawsuit accuses Fenwick of helping FTX hide customer funds through legal entities and structures.

The settlement is the latest development in the ongoing legal battle following FTX's collapse in 2022.