Fenwick West, the former lead outside counsel for collapsed crypto exchange FTX, has agreed to pay $54 million to settle claims tied to the platforms alleged $8 billion fraud. The preliminary settlement was filed in federal court in Miami and still requires judicial approval. The lawsuit accused the Silicon Valley law firm of helping FTX establish legal structures that allegedly enabled misuse of customer funds. Plaintiffs argued Fenwick went beyond traditional legal services by assisting in strategies that allowed customer assets to be commingled with Alameda Research, the trading firm… Read more
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