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The Daily Verified Briefing

Markets

Fenwick West to pay $54 million to settle FTX fraud lawsuit

Published 24 May 2026

Fenwick West, a prominent Silicon Valley law firm, has agreed to pay $54 million to settle claims that it helped facilitate the fraud that led to the collapse of the cryptocurrency exchange FTX. The proposed settlement was filed Friday in federal court in Miami and requires approval from U.S. District Judge K.

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