FTX’s former law firm, auditor agree to pay $66 million to settle customer claims over fraud
The Block
Fenwick & West and auditor Prager Metis reached a $66 million settlement regarding allegations of enabling fraud at the bankrupt exchange FTX.Summary
Fenwick & West, the former principal outside counsel for FTX, has agreed to a $54 million settlement to resolve claims that it facilitated Sam Bankman-Fried’s fraud. Alongside this, auditor Prager Metis will pay $11.75 million, and former NBA player Udonis Haslem will pay $420,000. While the firms deny wrongdoing, these payments form the latest round of class-action settlements aimed at compensating FTX customers who lost funds during the exchange's 2022 collapse.
(Source：The Block)