Silicon Valley Law Firm Fenwick & West Faces $525M Legal Action Linked to FTX Scandal.

A group of 20 former FTX customers has filed a $525 million lawsuit against Silicon Valley law firm Fenwick & West, accusing it of playing a role in concealing and structuring the cryptocurrency exchange’s alleged multi-billion-dollar fraud.

The complaint states that former FTX executive Nishad Singh reportedly told Fenwick lawyers about the misuse of customer funds. Despite this, the firm is accused of advising on ways to obscure the activity rather than reporting it.

According to the filing, Fenwick also helped design legal structures intended to bypass regulators, created policies for automatic deletion of Signal messages, and assisted in establishing North Dimension Inc., a shell company allegedly used to move more than $3 billion in mixed customer deposits.