FTX Fallout Deepens as Former Law Firm Agrees to $66M Settlement

Fenwick & West LLP, the Silicon Valley law firm that served as lead outside counsel for collapsed crypto exchange FTX, agreed to pay $54 million to settle a federal class-action lawsuit filed by former FTX customers. Lawfirm Cuts $54M Deal With FTX Customers After Lead Counsel Allegations The proposed settlement was filed this week in […]

The law firm agreed to a settlement in February 2026 and is facing a separate $525 million lawsuit over its role in the collapse of the FTX crypto exchange.

In a noteworthy development, US law firm Fenwick & West has agreed to pay $54 million to settle claims arising from its legal services for the defunct crypto exchange FTX. The proposed settlement, filed in federal court in Miami on Friday, resolves allegations from FTX customers who accused the Silicon Valley-based firm of facilitating misconduct […]

The settlement underscores the financial risks law firms face when associated with fraudulent clients, impacting legal industry practices. The post Fenwick & West agrees to pay $54M to settle FTX fraud claims appeared first on Crypto Briefing.

The settlement highlights the increasing legal risks for firms involved in crypto, potentially reshaping industry compliance standards. The post Fenwick & West agrees to $54M settlement over FTX work appeared first on Crypto Briefing.

A billion-dollar US bank is preparing to shell out $1 million to settle a class-action lawsuit over certain fees charged to customers. Equity Bank has agreed to settle the lawsuit that alleges the financial institution improperly charged certain overdraft and non-sufficient funds fees to account holders between January 1st, 2017, and November 21st, 2025. The […] The post Equity Bank Shelling Out $1,000,000 to Customers To Settle Accusations of Improperly Charging Overdraft and Non-Sufficient Funds Fees appeared first on The Daily Hodl.

MoonPay Trade gives institutions single API access to onchain execution, settlement, and liquidity across 200 blockchains. The post MoonPay expands institutional crypto push with Trade execution platform appeared first on Crypto Briefing.

Ripple Prime’s EDX deal gives institutions spot and futures access, with RLUSD planned for settlement while XRP stays out of the main pitch.