Fenwick denies allegations that it was key to multibillion-dollar FTX fraud

Fenwick & West, a law firm once contracted by FTX, asked a judge to toss an updated lawsuit that claims it was key to the exchange’s fraud.

Law firm Fenwick & West denied allegations from an updated class-action lawsuit claiming it was central to crypto exchange FTX’s fraud and eventual collapse.

Earlier this month, FTX users asked to update their suit against Fenwick, first filed in 2023, claiming new information from a bankruptcy and criminal case shared evidence that the law firm “played a key and crucial role in the most important aspects of why and how the FTX fraud was accomplished.”

Fenwick told a Florida federal judge in a filing on Monday that the court should deny FTX users’ request to update the suit against the firm, arguing their theory that it helped the exchange carry out fraud “is as facile as it is flawed.”

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