Former FTX legal advisors, Fenwick & West, have filed a motion to dismiss a lawsuit alleging their involvement in a multi-billion dollar fraud scheme facilitated by FTX. The firm asserts that it provided routine legal services and had no awareness of any fraudulent activities within FTX. The lawsuit claims that Fenwick & West, along with other parties, played a role in the fraud. However, the firm argues that the plaintiffs have failed to demonstrate any knowledge of wrongdoing. They emphasize that their legal services were standard practice and highlight the lack of evidence regarding their complicity in fraudulent actions. Fenwick & West's motion cites that the allegations against them mirror those previously directed at another law firm, Sullivan & Cromwell, which were dismissed. The motion follows the collapse of FTX in late 2022, prompting bankruptcy proceedings and investigations into the company's operations. Furthermore, FTX's bankruptcy examiner found that Fenwick & West had close connections with FTX leadership, complicating the firm's defense against the allegations. The ongoing struggles of FTX continue to unfold as they attempt recovery from the devastating fallout of their operational failures.

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