BeInCrypto reported that Fenwick & West, the law firm responsible for FTX, has agreed to pay $54 million to settle a lawsuit related to FTX customer losses. This agreement is expected to be finalized after court approval. The plaintiffs claim that Fenwick did not merely act as an advisor but was involved in designing the structure for misappropriating customer funds between FTX and Alameda Research. This settlement is part of the ongoing secondary legal battle following FTX's bankruptcy, and a separate $525 million lawsuit filed against Fenwick and some partners is still ongoing.
