A group of 20 former FTX customers alleges the Silicon Valley law firm helped conceal and structure parts of the failed crypto exchange’s operations.
Twenty former customers of FTX, the collapsed cryptocurrency exchange, have filed a $525 million lawsuit against Fenwick & West, a Silicon Valley law firm. The plaintiffs accuse the firm of helping conceal and structure aspects of FTX’s business. The case adds to the broader legal fallout from the FTX scandal, which triggered multiple lawsuits and regulatory actions after the exchange’s failure exposed major governance and customer fund issues.