FTX Users Reach Proposed Settlement With Fenwick & West in Fraud Lawsuit

Users of the collapsed crypto exchange FTX and Silicon Valley law firm Fenwick & West have reached a proposed settlement in a lawsuit accusing the firm of helping facilitate the fraud that preceded FTX’s downfall ^[1][2][3].

The plaintiffs — who filed the suit in 2023 — alleged Fenwick played “a key and crucial role” in how the FTX fraud was accomplished; the proposed settlement moves the parties closer to resolving one of the legal battles tied to the exchange’s collapse ^[3][2].

Multiple crypto outlets reported the development as a proposed deal; the published summaries available here did not specify settlement terms or outcomes beyond the parties reaching an agreement to settle ^[1][2][3][4].

The proposed settlement represents a step toward resolving claims against Fenwick arising from FTX’s collapse; further details and any court filings will clarify the terms and whether the agreement fully resolves the lawsuit ^[1][3].