Customers of the bankrupt crypto exchange FTX are seeking to amend their lawsuit against the law firm Fenwick & West, claiming new evidence shows its central role in FTX’s collapse. They allege that Fenwick provided substantial assistance that enabled FTX’s fraudulent activities, including agreeing to manage conflicted entities like Alameda Research, which lacked proper safeguards against theft. The lawsuit cites findings from Bankman-Fried’s trial, where testimonies revealed Fenwick was aware of and assisted in concealing the misuse of customer funds. An independent examiner also reported that Fenwick was deeply intertwined with FTX’s operations and facilitated improper transactions. Additionally, the complaint proposes new state law claims against Fenwick for violating securities laws related to FTX’s unregistered cryptocurrency offerings. Fenwick previously denied the accusations and has moved to dismiss the earlier complaint.

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