Fenwick & West, the main legal firm that provided outside legal services for the former FTX crypto exchange, has agreed to settle a class action lawsuit from 2023 for $54 million.
The settlement addresses claims against the law firm tied to its advisory role with FTX before the exchange's collapse.
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The U.S. Securities and Exchange Commission agreed to pay $150,000 and release two withheld documents to end a Freedom of Information Act lawsuit backed by Coinbase. The settlement, reached on July 22, also requires the agency to review its records and text-message preservation practices. The case stemmed from requests about Ethereum investigations and former Chair Gary Gensler’s communications.
BitMEX is facing a proposed class action lawsuit alleging it engineered unfair liquidations and withheld 622.66 Bitcoin worth $40.7 million. The suit was filed July 23 in New York federal court on the same day the exchange announced it would close on Sept. 23.
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The U.S. Securities and Exchange Commission has filed a lawsuit against Texas resident Nathan Fuller, alleging he raised $12.3 million from about 150 investors through a fraudulent crypto investment scheme that falsely promised high returns from AI-powered trading bots.
BitMEX announced it will close its operations on September 23, 2026, at 04:00 UTC, ending an 11-year run as a pioneer in crypto derivatives trading.
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Federal prosecutors filed five civil forfeiture complaints on July 21 seeking roughly $26.4 million in cryptocurrency linked to international romance and investment scams. The actions form part of the Scam Center Strike Force, which has recovered more than $800 million overall.
The Trump administration has settled a lawsuit with the president and established a $1.776 billion fund to compensate victims of what it calls lawfare and weaponization of government.
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Ripple chief executive Brad Garlinghouse said he and co-founder Chris Larsen weighed shutting down the company and distributing its XRP holdings to shareholders after the SEC filed suit in 2020.