Did Law Firm Play Role in FTX Collapse? Investors Challenge its Claim

A recent legal battle has erupted between investors and Fenwick, a prominent law firm previously advising FTX. Plaintiffs allege that the firm’s involvement in the exchange’s operations enabled fraudulent activities, prompting a class-action lawsuit against Fenwick for its alleged role in the collapse of FTX. Fenwick counters that their advice on corporate matters does not equate to enabling fraud, further asserting that they were unaware of wrongdoing and are being unfairly blamed for actions taken by clients.