Users of FTX, the bankrupt cryptocurrency exchange, are seeking to update a lawsuit against Fenwick & West, the law firm they signed up with, claiming new information shows it was central to the collapse.
The criminal trial of Sam Bankman-Fried, the former FTX chief executive, and the investigation into the exchange's bankruptcy proceedings "have provided concrete evidence that Fenwick & Company played a critical and significant role in key aspects of the FTX fraud, including its cause and manner," FTX users wrote in a court filing on Monday seeking to amend their lawsuit.
"In short, FTX fraud was able to be committed because Fenwick provided'substantial assistance 'by creating and approving the structures that enabled multiple frauds," the client base said.
They allege that the law firm agreed to create, manage and represent "companies with a clear conflict of interest", such as Alameda Research, FTX's sister trading company, and its subsidiary North Dimension, "which deliberately left no safeguards in place, resulting in the blatant theft of billions of dollars".
FTX users step up lawsuits, saying law firm Fenwick & West was a "key" driver in their fraud case
2025-08-12 03:14:32
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
FTX 用户加强诉讼，称律师事务所Fenwick & West是其欺诈案的 “关键” 推手Next article：
某地址鲸鱼以25倍杠杆做空以太坊，开仓价4300.42美元
