A group of FTX customers on Monday sued law firm Fenwick & West for allegedly aiding fraud through its legal advice to the now-bankrupt cryptocurrency exchange founded by Sam Bankman-Fried.
The complaint alleges that Fenwick provided services to FTX that “went well beyond those a law firm should and usually does provide” and included structuring transactions to skirt regulatory scrutiny and setting up entities that Bankman-Fried and other FTX executives used to commit fraud.
A spokesperson for Fenwick did not immediately respond to a request for comment.
The proposed class action lawsuit is the second to target Fenwick, a California-founded firm with a focus on technology clients, related to its work for FTX.
Source: FTX law firm Fenwick faces second lawsuit by crypto customers | Reuters
