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Fenwick & West to Pay $54 Million to Settle Fraud Allegations

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On May 24, 2026, the law firm Fenwick & West agreed to pay $54 million to settle fraud allegations related to Sam Bankman-Fried. Prager Metis and Udonis Haslem also reached settlements of $11.75 million and $420,000, respectively. The case increases pressure on risk-on assets amid ongoing scrutiny of liquidity and crypto markets.

BlockBeats news, on May 24, the former FTX advisory law firm Fenwick & West agreed to pay $54 million to settle allegations that it assisted Sam Bankman-Fried in carrying out fraud.


In addition, auditor Prager Metis and former Miami Heat player Udonis Haslem will each pay $11.75 million and $420,000, respectively, to settle the matter.

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