Twenty victims of the FTX collapse have filed a lawsuit against Fenwick & West LLP, seeking $525 million in damages. The plaintiffs, from five different countries, allege that the Silicon Valley law firm played a role in concealing FTX's fraudulent activities by designing corporate structures that facilitated the misappropriation of customer funds and minimized regulatory scrutiny. The lawsuit, filed in the U.S. District Court for the District of Columbia, includes seven claims against Fenwick & West. The plaintiffs are demanding compensation for their losses, reimbursement of legal fees, and punitive damages against the firm's partners involved in the alleged misconduct.