According to Mars Finance news on August 12, as reported by Decrypt, FTX investors filed a lawsuit against the Silicon Valley law firm Fenwick & West in multiple regions, claiming that it was 'deeply involved' in the collapse of FTX and assisted the SBF team in stealing billions of dollars in client funds by designing shell companies and structures. This law firm is the only one among 130 firms that collaborated with FTX to be accused of being aware of and substantially 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 regulatory scrutiny, and leverage its reputation to attract over $1.3 billion in financing for FTX. An independent reviewer's report indicated that the firm was involved in almost every aspect of FTX Group's misconduct and provided legal advice while being aware that client funds were being misappropriated.

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