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FTX Victims Sue Fenwick & West for $525M

FTX Victims Sue Fenwick & West for $525M

Published 1 week, 5 days ago
Description

250 million dollar lawsuit filed against Fenwick and West by 20 FTX victims from 5 countries, alleging the law firms involvement in FTXs fraudulent activities, leading to the crypto exchanges collapse in 2022. Plaintiffs claim Fenwick lawyers knew about misused customer funds, created shell companies, and set up auto-delete messaging to evade regulators. The firm is accused of malpractice, fraud, and negligence, with victims demanding legal fees and punitive damages. The lawsuit follows a bankruptcy examiners findings of Fenwicks deep involvement in FTXs schemes and Sam Bankman-Frieds failed attempt for a new trial.

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