FTX’s U.S. external legal counsel, Fenwick & West, agrees to pay $54 million in settlement, denies any misconduct, and says it was unaware; Prager Metis agrees to pay $11.75 million, and former NBA player Haslem pays $420,000, bringing the total for the second batch of settlements to approximately $66.17 million. The settlement is subject to the preliminary approval of U.S. District Court Judge K. Michael Moore in the Southern District, and does not cover another lawsuit seeking $525 million in Washington, D.C.

WuSaidBlockchainW

2026-05-23 19:55:10

Abstract generation in progress

FTX US's primary external legal counsel Fenwick & West agreed to pay $54 million to settle claims related to their assistance in Sam Bankman-Fried's fraud brought by FTX customers; the auditing firm Prager Metis also agreed to pay $11.75 million, and former NBA player and FTX promoter Udonis Haslem will pay $420k, bringing the total settlement amount for the second batch of FTX class-action lawsuits to approximately $66.17 million. Fenwick denies any misconduct and states that they were unaware of the FTX fraud incident. The settlement still requires preliminary approval from U.S. District Judge K. Michael Moore in the Southern District of Florida, and does not cover Fenwick's other civil lawsuit in Washington, D.C., involving $525 million. (The Block)

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GateUser-a68e8203

· 8h ago

Getting away without knowing is a textbook-level defense strategy.

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WeekendGatekeeper

· 8h ago

Judge K. Michael Moore is going to work overtime to approve documents again.

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MempoolMaggie

· 8h ago

Prager Metis $11.75 million—sure enough, the audit firm is cheaper than the law firm

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FloatingTeacup

· 8h ago

Haslem only 420k? NBA stars' reputation is so cheap

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CheckingEthInTheElevator

· 8h ago

FTX this mess, professional service agencies are lining up to pay

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OneUnfilledOrder

· 8h ago

54 million dollars to buy a Ping An, Fenwick's money is well spent

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ReboundAtTheStreetCornerAfter

· 8h ago

Settlement does not cover another case; the victim still has to run around both ways.

View OriginalReply0

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FTX's former external law firm, auditors, and others agree to pay approximately $66.17 million to settle client claims

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