FTX users have reached a settlement with law firm Fenwick & West in a class-action lawsuit accusing the firm of aiding FTX's fraudulent activities. Filed in Florida federal court, the settlement awaits approval on February 27. The lawsuit claimed Fenwick helped FTX design a corporate structure to bypass fund transfer regulations and was aware of fund commingling with Alameda Research. The case, which Fenwick sought to dismiss, was allowed to proceed in November 2025. Settlement terms remain undisclosed, with litigation paused pending approval.