FTX User Reaches Settlement Intent with Fenwick & West Law Firm Regarding Its Role in FTX Incident

BlockBeats News, February 3rd, FTX users have reached a settlement intention with the U.S. law firm Fenwick & West regarding their role in the FTX incident. The two parties recently submitted a joint filing to the Florida federal court stating that they plan to submit a formal settlement agreement on February 27th and apply for court approval, with the specific terms of the settlement yet to be disclosed.

The lawsuit was originally filed in 2023, with the plaintiffs accusing Fenwick & West of providing "key assistance" in the fraudulent structuring process of FTX. (Cointelegraph)