According to Deep Tide TechFlow, on August 28, CryptoNews reported that the renowned Silicon Valley law firm Fenwick & West dismissed allegations of playing a central role in the collapse of cryptocurrency exchange FTX in court documents on Monday, stating that these allegations are 'superficial' and 'flawed'. The firm emphasized that it only provided the routine legal services that any external legal advisor would offer and was unaware of FTX's fraudulent activities.
Meanwhile, FTX has announced that it will begin the next round of cash distributions to creditors around September 30, 2025, with the record date for eligible claimants set for August 15. However, a Chinese creditor representing over 300 users is opposing FTX's proposal to restrict payments to 49 jurisdictions, including China, arguing that it is legally baseless and unfair.