Customers of the bankrupt crypto exchange FTX have filed an updated lawsuit against the law firm Fenwick & West, claiming the firm played a key role in the financial collapse of the company.
Customers' Accusations Against FTX
FTX customers allege that Fenwick & West had a central role in the fraud that led to the exchange's collapse. In the filed lawsuit, customers point to 'substantial assistance' provided by Fenwick in designing structures that enabled the fraud.
Court Proceedings and New Data
The updated lawsuit references new information uncovered during the criminal trial of Sam Bankman-Fried. Witnesses from the FTX team testified that Fenwick was aware of the misuse of customer funds and provided guidance on how to conceal these actions.
Challenges for Fenwick & West
The law firm has already responded to previous accusations, arguing that its actions were within the scope of client representation. However, the new allegations include violations of securities laws in the U.S. and indicate Fenwick's active role in the sale of FTT tokens.
FTX customers continue to seek justice through legal proceedings while Fenwick & West faces serious allegations and new legal challenges.
