In a recent court filing, United States law firm Fenwick & West has challenged allegations that its prior work for the now-defunct cryptocurrency exchange FTX should be scrutinized for potential involvement in the alleged fraud.
A law firm that previously provided services to the now-defunct cryptocurrency exchange FTX has refuted a class-action lawsuit brought against them claiming that it assisted in the exchange's alleged fraud., Fenwick & West, a United States law firm, denies all accusations of misconduct related to the provision of legal services during FTX operations:
The plaintiffs contend that while Fenwick provided regular legal services within the bounds of the law, Sam Bankman-Fried allegedly misused the advice to advance his fraudulent activities.“Plaintiffs allege that Fenwick can nevertheless be held liable because Fenwick purportedly “provided services to the FTX Group entities that went well beyond those a law firm should and usually does provide,” the filing noted.
However, Fenwick argued that it should not bear liability, as it was not the sole law firm representing FTX. It asserts that it played a relatively minor role in providing various aspects of legal advice to the bankrupt exchange.
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