Former FTX Customers Sue Fenwick & West for $525M Over Alleged Role in Collapse
Twenty former FTX customers from five countries have filed a $525 million lawsuit accusing Silicon Valley law firm Fenwick & West of playing an active role in the conduct that preceded the exchange’s collapse. The complaint alleges the firm helped create structures that concealed fund flows between FTX and Alameda Research, claims that could widen […]
Bankman-Fried Loses Bid for New Trial in FTX Criminal Case
U.S. District Judge Lewis Kaplan denied Sam Bankman-Fried’s motion for a new trial in the FTX criminal case, rejecting the defense’s claims of newly discovered evidence and alleged government interference. The ruling keeps Bankman-Fried’s conviction and 25-year sentence intact at the district-court level and shifts the center of the legal fight to the Second Circuit […]