Law Firm Fenwick & West Denies Misconduct in Legal Work for Collapsed Crypto Exchange FTX
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Law firm Fenwick & West denies accusations of misconduct related to legal services provided to now-defunct crypto exchange FTX.
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Plaintiffs claim Fenwick went beyond normal legal services, helped establish shell companies, and advised FTX on regulatory compliance.
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Fenwick argues it cannot be liable for alleged misconduct by FTX as long as its conduct fell within scope of client representation.
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Fenwick says it played relatively minor role in advising FTX compared to other law firms.
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This follows FTX bankruptcy filers suing former employees of affiliated firm Salameda for allegedly illicitly withdrawing $157M before bankruptcy.