Fenwick & West, a former FTX advisor, will pay $54 million to settle allegations of assisting Sam Bankman-Fried in fraud, according to ChainThink. The firm is under scrutiny for its role in liquidity and crypto markets. Auditor Prager Metis and former Miami Heat player Udonis Haslem also reached settlements, paying $11.75 million and $420,000, respectively. The case raises concerns related to counter-terrorism financing (CTF).
ChainThink reports, according to The Block, that former FTX advisory law firm Fenwick & West has agreed to pay $54 million to settle allegations that it assisted Sam Bankman-Fried in carrying out fraud.
Additionally, auditor Prager Metis and former Miami Heat player Udonis Haslem will each pay $11.75 million and $420,000, respectively, to settle the matter.
