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Fenwick law firm rejects allegations of assisting FTX in fraud, stating that it only provided routine legal services.
According to a report from CryptoNews on August 28, Deep Tide TechFlow stated that the renowned Silicon Valley law firm Fenwick & West dismissed allegations of playing a central role in the collapse of the Crypto Assets exchange FTX in court documents on Monday, describing the claims as “superficial” and “flawed.” The firm emphasized that it only provided the routine legal services that any external legal advisor would offer and was completely unaware of FTX’s fraudulent activities.
Meanwhile, FTX has announced that it will begin the next round of cash distributions to creditors around September 30, 2025, with the record date for qualified claimants set for August 15. However, a Chinese creditor representing over 300 users is opposing FTX’s proposal to limit payments to 49 jurisdictions, including China, arguing that it is legally unfounded and unfair.