FTX's former law firm Fenwick & West files motion to dismiss aiding FTX in fraud allegation

By: theblockbeats.news|2025/08/29 08:42:17

0

Share

copy

BlockBeats News, August 29th, according to Cointelegraph, FTX's former law firm Fenwick & West LLP has filed a motion to dismiss a lawsuit accusing the firm of playing a key role in the multi-billion-dollar collapse of a cryptocurrency exchange.

The law firm stated that after two years of litigation, the plaintiff has still failed to prove that Fenwick & West was aware of its client's fraudulent activities. Filed in 2023, the lawsuit listed numerous defendants, with investors claiming they were aware of FTX's fraudulent behavior.

Fenwick & West strongly asserts that it should be excluded from this dispute. The law firm did not immediately respond to a request for comment.

You may also like

Hyperbeat, to launch a "bank" on Hyperliquid

Hyperbeat, to launch a "bank" on Hyperliquid

A chain built for transactions, now wanting you to stash your paycheck there.

Crypto Market Macro Research: US-Iran Ceasefire, Time to Reassess Risk Assets

Crypto Market Macro Research: US-Iran Ceasefire, Time to Reassess Risk Assets

How Does the US-Iran Ceasefire Impact Risk Assets?

Is Bitcoin Forming a Bottom in 2026? How the Tariff Shock and Ceasefire Could Push BTC Toward $75K

Is Bitcoin Forming a Bottom in 2026? How the Tariff Shock and Ceasefire Could Push BTC Toward $75K

Bitcoin may be forming its 2026 bottom near $65K. See how tariff shocks, ETF inflows, and the Iran ceasefire could shape BTC’s next breakout toward $75K.

Stablecoins Hit $315 Billion in 2026: Why This Is the Biggest Trend in Crypto Right Now

Stablecoins Hit $315 Billion in 2026: Why This Is the Biggest Trend in Crypto Right Now

Bitcoin may be forming its 2026 bottom near $65K. See how tariff shocks, ETF inflows, and geopolitical signals could shape BTC’s next breakout toward $75K.

Tiger Research: A Comprehensive Analysis of the Most Profitable Businesses and Their Business Models in Crypto

Tiger Research: A Comprehensive Analysis of the Most Profitable Businesses and Their Business Models in Crypto

Payment fees, shared infrastructure, and offshore demand have become new battlegrounds.

Why is the ceasefire between the U.S. and Iran destined to be unsustainable?

Why is the ceasefire between the U.S. and Iran destined to be unsustainable?

In-depth analysis: Why is the US-Iran ceasefire criticized as "nominal"? When both sides are accustomed to placing their own power above agreements, this brief peace lacking trust is destined to be nothing but ruins.

Starting from the cryptocurrency world, what makes Hermes Agent the biggest challenger to OpenClaw?

Starting from the cryptocurrency world, what makes Hermes Agent the biggest challenger to OpenClaw?

Two growth curves are rising at the same time, but the things that are rising are completely different.

Under-the-Radar Middle Eastern Player Set to Be the Star of the 2026 World Cup Prediction Market?

Under-the-Radar Middle Eastern Player Set to Be the Star of the 2026 World Cup Prediction Market?

ADI Predictstreet is the Official Prediction Market Partner of the FIFA World Cup 2026.

Turn AI into an individual execution system, Claude's latest Managed Agents Best Practices Guide

Turn AI into an individual execution system, Claude's latest Managed Agents Best Practices Guide

From Calling to Hosting, Turning AI from a Tool into a Sustainable Execution System

Why Is the US-Iran Ceasefire Doomed to Fail?

Why Is the US-Iran Ceasefire Doomed to Fail?

Both parties prioritize the power within the contract

A Climbing Gym Owner's 30-Day AI Journey

A Climbing Gym Owner's 30-Day AI Journey

No Layoffs, Managing Organization Size with AI

Today's Release | Full Lineup of Guest Demos at "Super Creator Live"

Today's Release | Full Lineup of Guest Demos at "Super Creator Live"

In the age of the AI wave, how should we define the expression belonging to this era?

Crypto OG, why has the Hermes Agent emerged as the top challenger to OpenClaw?

Crypto OG, why has the Hermes Agent emerged as the top challenger to OpenClaw?

Two growth curves are rising simultaneously, but what is rising is completely different.

Kalshi's eight-year entrepreneurial history: A boxer in a suit steps onto the stage

Kalshi's eight-year entrepreneurial history: A boxer in a suit steps onto the stage

If you know where to go, the whole world will make way for you.

Once you're over 25, you're already too old to be playing with meme coins.

Once you're over 25, you're already too old to be playing with meme coins.

Pump.fun, the world's largest 24-hour online esports platform

Four New Frontlines Post Ceasefire | Rewire News Daily Brief

Four New Frontlines Post Ceasefire | Rewire News Daily Brief

Rate Cut Window Pushed Beyond Year End

Holmez accepts Bitcoin for toll payment, how much can Iran earn?

Holmez accepts Bitcoin for toll payment, how much can Iran earn?

When you stretch the numbers and do the math, the answer turns out to be unexpectedly small

When No One on the Team Wants to Sell: The Valuation Game at Anthropic Enters the “Seller Disappearance” Stage

When No One on the Team Wants to Sell: The Valuation Game at Anthropic Enters the “Seller Disappearance” Stage

Anthropic's stock, priced at $350 billion, some want to buy but can't buy enough, some can sell but unwilling to sell.

Hyperbeat, to launch a "bank" on Hyperliquid

A chain built for transactions, now wanting you to stash your paycheck there.

Crypto Market Macro Research: US-Iran Ceasefire, Time to Reassess Risk Assets

How Does the US-Iran Ceasefire Impact Risk Assets?

Is Bitcoin Forming a Bottom in 2026? How the Tariff Shock and Ceasefire Could Push BTC Toward $75K

Bitcoin may be forming its 2026 bottom near $65K. See how tariff shocks, ETF inflows, and the Iran ceasefire could shape BTC’s next breakout toward $75K.

Stablecoins Hit $315 Billion in 2026: Why This Is the Biggest Trend in Crypto Right Now

Bitcoin may be forming its 2026 bottom near $65K. See how tariff shocks, ETF inflows, and geopolitical signals could shape BTC’s next breakout toward $75K.

Tiger Research: A Comprehensive Analysis of the Most Profitable Businesses and Their Business Models in Crypto

Payment fees, shared infrastructure, and offshore demand have become new battlegrounds.

Why is the ceasefire between the U.S. and Iran destined to be unsustainable?

In-depth analysis: Why is the US-Iran ceasefire criticized as "nominal"? When both sides are accustomed to placing their own power above agreements, this brief peace lacking trust is destined to be nothing but ruins.

Popular coins

Latest Crypto News

00:42

Data: In the past hour, the total liquidation across the network reached 101 million USD, with BTC liquidation amounting to 80.39 million USD

Coinglass data shows that in the past hour, the total liquidation across the network was 101 million dollars, with short positions liquidated at 97.07 million dollars and long positions liquidated at 3.54 million dollars. Additionally, the liquidation amount for BTC reached 80.39 million dollars, an...

00:42

Telegram founder claims TON has completed a major upgrade achieving "second-level confirmation," with performance improvements driving application expansion

Telegram founder Pavel Durov stated that The Open Network (TON) has completed a major upgrade, increasing block generation speed by 6 times, overall performance improved by about 10 times, and transaction confirmation time has been reduced to sub-second levels, achieving a "near-instant" transaction...

00:42

CME Bitcoin futures activity has dropped to a 14-month low, possibly due to the failure of basis trading triggering institutional capital withdrawal

The Chicago Mercantile Exchange (CME) Bitcoin futures market continues to weaken. Data shows that the average daily open interest (OI) in March 2026 has fallen below $8 billion, further dropping to about $7.2 billion in early April, marking a new low since February 2024, and it has declined for the ...

00:42

The U.S. Treasury Department has launched a cybersecurity information sharing program for the digital asset industry

The Office of Cybersecurity and Critical Infrastructure Protection (OCCIP) of the U.S. Department of the Treasury announced a new initiative today aimed at strengthening cybersecurity in the digital asset industry.This initiative will provide timely, actionable cybersecurity information to eligible ...

00:42

The S&P 500 and Nasdaq 100 indices rose 0.5% during the session

According to Jinshi reports, the S&P 500 Index and the Nasdaq 100 Index rose to intraday highs, with the latest increase of 0.5%.