Fenwick and West settles FTX class action lawsuit for $54 million

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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Illustration of Sam Bankman-Fried in prison applying for pardon from Trump, with FTT token chart.
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Sam Bankman-Fried files for presidential pardon from Trump

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Sam Bankman-Fried, the imprisoned founder of the collapsed FTX exchange, has formally applied for a presidential pardon from Donald Trump. The move triggered a sharp rally in the FTT token, which rose more than 50 percent in a day.

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.

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홍콩 증권선물위원회(SFC)가 증권 범죄 피해자들에 대한 과징금 중심의 규제에서 벗어나 직접적인 피해 보상을 추진하고 있다. 규제 당국은 최근 몇 달간 25억 홍콩달러 규모의 합의를 이끌어냈다. 이는 미국, 영국, 유럽의 규제 관행을 따른 것이다.

Bitcoin Depot has flagged severe doubts about its ability to continue as a going concern in a recent filing. The company cited more than $20 million in legal judgments from late 2025 and ongoing litigation that is hurting revenue.

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Kalshi has secured $1 billion in fresh funding, doubling its valuation to $22 billion in a round led by Coatue. The U.S.-based prediction market platform reported strong growth in institutional trading amid broader interest in event contracts.

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