Fenwick & West Named in Lawsuit Over FTX Crypto Collapse

Fenwick & West LLP, a prominent Silicon Valley law firm, is facing allegations over its involvement in the collapse of cryptocurrency exchange FTX. According to a lawsuit filed against the firm, Fenwick had knowledge of FTX's breach of fiduciary duties and created shell companies to conceal evidence.

FTX founder Samuel Bankman-Fried was convicted on seven counts related to fraud and money laundering, and sentenced to 25 years in prison. The plaintiffs claim that they lost their life savings after FTX's collapse in 2022.