FTX Users Reach Settlement Intent with Law Firm Fenwick & West Regarding Its Role in the FTX Incident

Odaily News FTX users have reached a settlement intent with the U.S. law firm Fenwick & West regarding its related role in the FTX incident. Both parties recently submitted a joint filing to a federal court in Florida, stating that they plan to submit a formal settlement agreement and apply for court approval on February 27. The specific terms of the settlement have not been disclosed.

The lawsuit was initially filed in 2023, with the plaintiffs alleging that Fenwick & West provided "critical assistance" in the design of FTX's fraudulent structure. (Cointelegraph)