FTX's Former Legal Team Denies Involvement in Fraud Allegations

Fenwick & West, a law firm that previously provided legal services to cryptocurrency exchange FTX, has denied allegations of assisting in fraudulent activities. The firm refuted claims made in a class-action lawsuit, stating that it cannot be held liable for conspiracy or aiding and abetting a client's wrongdoing as long as its conduct falls within the scope of the client's representation. The plaintiffs argue that Fenwick went beyond the norm in its service offerings to FTX and can be held responsible for providing services that facilitated fraudulent activities. Fenwick maintains that it played a minor role and should not bear liability as it was not the sole law firm representing FTX.