FTX Second Batch of Class Action Settlements Total Approximately $66.17 Million, Fenwick & West Agrees to Pay

Odaily Odaily News Court documents show that Fenwick & West, a Silicon Valley law firm that served as the primary external legal counsel for the FTX US exchange before its collapse in 2022, has agreed to pay $54 million to settle allegations that it assisted Sam Bankman-Fried in committing fraud. This settlement is part of the second batch of FTX settlements, which also include audit firm Prager Metis paying $11.75 million and former NBA player Udonis Haslem paying $420,000. The total amount of the second batch of FTX class action settlements is approximately $66.17 million.