FTX’s Former Law Firm and Auditor Agree to $66 Million Customer Claims Settlement

FTX’s former law firm Fenwick & West and auditor Prager Metis are part of a second batch of class-action settlements totaling about $66.17 million tied to customer claims over fraud at the collapsed crypto exchange. Fenwick agreed to pay $54 million, the largest share, while Prager Metis agreed to pay $11.75 million; the batch also includes a $420,000 settlement from former NBA player Udonis Haslem. Plaintiffs alleged Fenwick helped Sam Bankman-Fried’s businesses operate through complex structures and compliance arrangements before FTX US collapsed in 2022. The proposed settlements remain part of broader litigation and recovery efforts connected to FTX’s failure.

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