BlockBeats news, on August 12, according to Decrypt, FTX investors filed a lawsuit against the Silicon Valley law firm Fenwick & West in multiple jurisdictions, claiming that it was "deeply involved" in the collapse of FTX and assisted the SBF team in stealing billions of dollars of client funds through the design of shell companies and structures. This law firm is the only one among the 130 firms that worked with FTX to be accused of being aware of and materially assisting in the implementation of fraud. The plaintiffs allege that Fenwick designed, approved, and implemented shell companies, including North Dimension, to conceal the flow of client funds, evade regulation, and leverage its reputation to attract over $1.3 billion in financing for FTX. An independent reviewer's report indicated that the law firm was involved in nearly every aspect of FTX Group's misconduct and provided legal advice while being aware that client funds were being misappropriated.

#SBF