Fenwick & West agrees to pay $54M to settle FTX fraud claims

Silicon Valley Law Firm Fenwick & West Settles FTX Fraud Claims for $54 Million

Fenwick & West, lead outside counsel for FTX, agreed to a $54 million class-action settlement over allegations its legal structures enabled the commingling of customer funds with Alameda Research. The deal raises total professional services payouts tied to the FTX collapse to ~$66 million, signaling that courts are extending liability scrutiny beyond executives to advisors who shaped the legal architecture of failed crypto entities.