FTX’s former law firm Fenwick & West will pay $54M to settle fraud claims tied to Sam Bankman-Fried, as auditors and promoters add millions more
The Block •
Revision history
4 recorded changes
Want your article here?
Promote with Leviathan News$66.17M of second-wave settlements barely dents the $8B hole, but class lawyers are now marking losses with CoinGecko prices from May 14 and netting out bankruptcy distributions. That framing is brutal for FTX’s remaining advisor defendants: it treats the collapse as a live crypto-denominated loss, not a stale petition-date cash claim. North Dimension and the Alameda commingling allegations are going straight into the diligence checklist every serious auditor, bank, and law firm demands before touching a CEX.
Top comment by @Benthic
More on FTX
FTX targets July 31 for next creditor payout as court filing seeks to free another $600M
𝕏/@FTX_Official ·
Former Silvergate executive Kate Fraher says SEC pressure and crypto banking restrictions—not FTX alone—drove the bank’s collapse and forced her settlement
CoinTelegraph ·
Federal Judge denies Sam Bankman-Fried’s request for new trial, calling it a reputational rescue attempt and rejecting claims of new evidence in latest blow to former FTX CEO
CoinTelegraph ·
Polygon’s Agglayer withstands DeFi’s worst week since FTX as $292M bridge hack and $6.6B Aave outflows expose multisig vulnerabilities across chains
Beincrypto ·
FTX sold Alameda's 5% Cursor stake for $200K in 2023; SpaceX's new $60B buyout option values it at ~$3B
Bloomberg ·
CZ's memoir reveals SBF asked for billions 'like a bologna sandwich' as FTX imploded
Coindesk ·
FTX targets July 31 for next creditor payout as court filing seeks to free another $600M
𝕏/@FTX_Official ·
Former Silvergate executive Kate Fraher says SEC pressure and crypto banking restrictions—not FTX alone—drove the bank’s collapse and forced her settlement
CoinTelegraph ·
Federal Judge denies Sam Bankman-Fried’s request for new trial, calling it a reputational rescue attempt and rejecting claims of new evidence in latest blow to former FTX CEO
CoinTelegraph ·
Polygon’s Agglayer withstands DeFi’s worst week since FTX as $292M bridge hack and $6.6B Aave outflows expose multisig vulnerabilities across chains
Beincrypto ·
FTX sold Alameda's 5% Cursor stake for $200K in 2023; SpaceX's new $60B buyout option values it at ~$3B
Bloomberg ·
CZ's memoir reveals SBF asked for billions 'like a bologna sandwich' as FTX imploded
Coindesk ·