FTX Investors Sue Fenwick & West Over Alleged Fraudulent Schemes

A lawsuit filed by FTX investors alleges that law firm Fenwick & West played a role in creating structures that enabled Sam Bankman-Fried to misappropriate customer funds. This action comes as part of the ongoing legal proceedings against SBF, who is accused of orchestrating fraudulent activities at FTX. The lawsuit highlights potential liabilities for legal advisory firms involved with crypto startups and raises questions about accountability in the industry.