Class Action
Aug. 9, 2023
New class action claims Fenwick & West aided FTX fraud
Fenwick had an “exceedingly close” relationship with FTX, “in large part because Fenwick supplied a pipeline of key personnel to FTX Group, namely attorneys Daniel Friedberg and Can Sun,” says the consumer lawsuit.
A new class action accuses Fenwick & West LLP of helping to perpetuate “the largest financial fraud in U.S. history” through its role as outside counsel for cryptocurrency exchange FTX Group and its founder, Sam Bankman-Fried.
Monday’s filing stems from the collapse of FTX, which filed for bankruptcy in November after the price of its native cryptocurrency “FTT” dropped precipitously and customers attempted to withdraw billions in fund...
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