Law firm Fenwick & West agreed on Friday, May 24, to pay $54 million to settle allegations related to its advisory role in the collapse of the FTX cryptocurrency exchange.

Fenwick & West will pay $54M to settle claims it helped FTX commit fraud. A separate $525M lawsuit against the firm and its partners remains active.

US law firm Fenwick & West will pay fifty-four million dollars to settle claims from FTX customers. The firm advised FTX before its collapse. Plaintiffs alleged Fenwick helped…