Fenwick & West agrees to pay $54M to settle FTX fraud claims

Fenwick & West LLP, the Silicon Valley law firm that served as lead outside counsel for collapsed crypto exchange FTX, agreed to pay $54 million to settle a federal class-action lawsuit filed by former FTX customers. Lawfirm Cuts $54M Deal With FTX Customers After Lead Counsel Allegations The proposed settlement was filed this week in […]

The law firm agreed to a settlement in February 2026 and is facing a separate $525 million lawsuit over its role in the collapse of the FTX crypto exchange.

In a noteworthy development, US law firm Fenwick & West has agreed to pay $54 million to settle claims arising from its legal services for the defunct crypto exchange FTX. The proposed settlement, filed in federal court in Miami on Friday, resolves allegations from FTX customers who accused the Silicon Valley-based firm of facilitating misconduct […]

FTX’s former law firm Fenwick and auditor Prager Metis agree to pay about $66M to settle customer fraud claims. FTX customers may move closer to another recovery path after the exchange’s former law firm and auditor agreed to pay about $66 million to settle fraud claims. Fenwick & West and Prager Metis deny wrongdoing, but […] The post FTX Fallout Deepens as Former Law Firm Agrees to $66M Settlement appeared first on Live Bitcoin News.

The settlement highlights the increasing legal risks for firms involved in crypto, potentially reshaping industry compliance standards. The post Fenwick & West agrees to $54M settlement over FTX work appeared first on Crypto Briefing.

Rap star and hip-hop veteran Drake dropped three surprise solo albums on May 15, 2026, totaling 43 tracks, and buried the crypto world’s most talked-about verse inside a single boastful cut called “Dust.” Drake Releases Triple Album in May 2026 and Plants Bitcoin, FTX Shoutout on Iceman Cut The three projects, “Iceman,” “Habibti,” and “Maid […]

The post Drake References Bitcoin in His New “Iceman” Album  appeared on BitcoinEthereumNews.com. Drake namedrops Bitcoin on his new album “Iceman,” released May 15, 2026. On the track “Dust,” he identifies himself as a “A BTC crypto big-timer.” The line lends fresh celebrity visibility to the leading digital asset. The same album also references former FTX chief Sam Bankman-Fried and the exchange’s penthouse era. The verses tie Drake’s lyrics directly to one of the most prominent collapses in crypto history. On midnight Friday, Drake dropped the albums “Iceman,” “Habibti” and “Maid of Honour.” With three new albums and 43 total songs, Drake fans have a lot to unpack — and debate. After the Kendrick Lamar beef, will the albums be enough for a Drake comeback? https://t.co/T3w3Mmxpbt pic.twitter.com/YMMnB3r0vC — The Washington Post (@washingtonpost) May 15, 2026 Bitcoin Hovers Near $80,700 as the Bar Drops The new lyric arrives as BTC consolidates well below its October 2025 all-time hig

The post FTX Victims Sue Fenwick & West for $525M Over Alleged Role in Fraud appeared on BitcoinEthereumNews.com. James Ding May 14, 2026 11:34 Twenty FTX victims are suing law firm Fenwick & West for $525M, alleging its role in concealing fraud through shell companies and legal structures. Twenty victims of the FTX collapse have filed a $525 million lawsuit against the prominent Silicon Valley law firm Fenwick & West, alleging it played a critical role in concealing the crypto exchange’s massive fraud. The complaint, filed in the U.S. District Court for the District of Columbia, accuses Fenwick of helping structure shell entities, obscure fund movements, and provide legal guidance that enabled FTX’s misuse of customer assets. The plaintiffs argue that Fenwick’s involvement gave FTX a veneer of legitimacy, preventing investors from recognizing the warning signs before the exchange’s implosion in November 2022. They also highlight the firm’s alleged creation of North D