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FTX Lawyers Pay $54M In Settlement Over Services Rendered To Exchange – Details In a noteworthy development, US law firm Fenwick & West has agreed to pay $54 million to settle claims arising from its 

FTX Lawyers Pay $54M In Settlement Over Services Rendered To Exchange – Details

In a noteworthy development, US law firm Fenwick & West has agreed to pay $54 million to settle claims arising from its legal services for the defunct crypto exchange FTX. The proposed settlement, filed in federal court in Miami on Friday, resolves allegations from FTX customers who accused the Silicon Valley-based firm of facilitating misconduct tied to one of the largest financial frauds in US history.
Fenwick Denies Knowledge Of FTX Illicit Activities Despite Settlement
According to court filings as reported by Reuters, Fenwick & West served as a lead outside counsel for FTX during the exchange’s rapid expansion into a global crypto trading platform. Plaintiffs in the class action lawsuit alleged the firm “helped to craft and implement strategies that facilitated FTX’s fraud,” accusing the lawyers of assisting with regulatory and operational structures later tied to the misuse of customer funds.

The proposed settlement agreement still requires approval from US District Judge K. Michael Moore in Miami. Attorneys representing FTX customers, including prominent litigator David Boies, argued the deal was reasonable and would prevent prolonged and costly litigation.

However, Fenwick rejected allegations that it knowingly participated in fraudulent conduct. In a public statement, the law firm said it “was not aware of the fraud at FTX,” adding that it stood by the integrity of its legal work. The $54 million agreement marks the largest settlement in a second wave of FTX-related class action resolutions.

Other settlements include an $11.75 million payment from former FTX auditor Prager Metis and a $420,000 settlement involving former Miami Heat player Udonis Haslem, who promoted the exchange.

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FTX Lawyers Pay $54M In Settlement Over Services R

Everything Can Be Huobao

RAY community is cautiously optimistic but neutral overall, focused on Raydium’s Solana meme-coin-driven volume and revenue status, while noting volatility risk. Official docs updated as of Apr 2026 c

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Derivatives And Exchange Activity Show Mixed Signals Furthermore, the crypto analyst pointed out that Ethereum’s derivatives market has yet to show strong conviction in its bullish traders’ behavior. 

Derivatives And Exchange Activity Show Mixed Signals
Furthermore, the crypto analyst pointed out that Ethereum’s derivatives market has yet to show strong conviction in its bullish traders’ behavior. “Open Interest is moving sideways: from $15.43B to $15.54B, barely +0.69%,” Alemán noted.

While this is the case, Futures CVD still points to a predominance of long positions, indicating that many participants continue to bet on a rebound. Interestingly, Alemán pointed out that Funding Rates have also remained positive since May 11, meaning long traders are paying short traders to maintain their positions.

Adding to the list, the on-chain analyst revealed that Ethereum’s cumulative Exchange Netflow also read negative, near -80,507 ETH. This means that more ETH was withdrawn from exchanges than was sent to them.

Typically, this should be a bullish sign for Ethereum price, as coins moved away from exchanges are often held for storage rather than for sale, which is typical of high net inflows. Yet, the Ethereum price failed to gain bullish strength.

Alemán mentioned that Ethereum’s current trend could only be due to more supply being available for sale relative to current demand. This causes the bullish pressure that would otherwise have risen from both spot and futures markets to be absorbed. 

The analyst concluded:

Until ETH recovers spot volume, breaks resistance, and confirms a healthy expansion in derivatives, bearish pressure is very likely to remain dominant. In the short term, the price appears to be heading toward the $1,984 support, and if it breaks, the next stop could be the $1,937 support.

As of this writing, the Ethereum price stands at $2,114, up by more than 2% over the past day. 

Derivatives And Exchange Activity Show Mixed Signa

Kenya’s Finance Bill 2026 has proposed new reporting obligations for crypto platforms and fresh taxes on digital payments as authorities move to expand tax collection powers across the financial secto

Kenya’s Finance Bill 2026 tightens crypto reporting and digital payment taxes

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Sui announced it will implement privacy by default across all stablecoin transactions on its network, according to Adeniyi Abiodun, founder of the blockchain and CEO of Mysten Labs. The feature has al

Sui Introduces Encrypted Stablecoin Payments During a New Privacy Push

Yearn Finance (YFI) Market Update – Renewed Interest in DeFi Sector YFI is showing renewed attention in the DeFi market as investors gradually return to decentralized yield platforms. Despite overall 

BILL: Human-AI Collaboration NetworkZEST: Bitcoin Lending ProtocolGrab Your Share of the 300 USDT Prize Pool!Will Bitcoin Go Up? Bitcoin price prediction for the coming weeks depends heavily on whethe

Grab Your Share of the 300 USDT Prize Pool!

Will Bitcoin Go Up?
Bitcoin price prediction for the coming weeks depends heavily on whether buyers can defend the $76,000 support region. Sustained stability above this level could encourage renewed accumulation and allow BTC to challenge the $78,100 and $80,000 resistance zones again.

Moreover, stabilizing open interest and neutralizing exchange flows suggest panic selling has started fading. If leveraged participation rebuilds gradually alongside stronger spot demand, Bitcoin could regain bullish momentum and revisit the $82,821 breakout region.

However, failure to hold $76,043 may trigger a deeper correction toward $73,949 and $71,856. A breakdown below those levels could weaken broader market confidence and delay recovery attempts.For now, Bitcoin remains at a decisive technical crossroads. Market structure still favors the broader uptrend, but traders continue watching for stronger confirmation before positioning aggressively for the next major move

Will Bitcoin Go Up? Bitcoin price prediction for

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Strategy Pauses Bitcoin Buying as Saylor's 'BitVac' Comment Puts Next BTC Buy on WatchStrategy paused reported bitcoin buying as Saylor said its "BitVac" is charging, highlighting bond-related activit

Strategy Pauses Bitcoin Buying as Saylor's
'BitVac' Comment Puts Next BTC Buy on WatchStrategy paused reported bitcoin buying as Saylor said its "BitVac" is charging, highlighting bond-related activity after holdings climbed to 843,738 $BTC. The update underscores how debt, preferred stock, and liquidity reserves continue shaping the company's treasury strategy.
Key Takeaways:
Strategy highlighted bond-related activity instead of bitcoin buying after holdings climbed to 843,738 $BTC.
Preferred stock, debt obligations, and liquidity reserves remain central investor concerns.
Future financing activity may signal another

Strategy Pauses Bitcoin Buying as Saylor's 'BitVac

BILL: Human-AI Collaboration NetworkZEST: Bitcoin Lending ProtocolATWO: Fans Vote to Change Live Outcomes DTCC Targets July Tokenized-Asset Trading After BlackRock, Circle Input The Depository Trust &

DTCC Targets July Tokenized-Asset Trading After BlackRock, Circle Input

The Depository Trust & Clearing Corporation plans to launch a limited tokenized-asset trading service in July, following input from major financial players including BlackRock and Circle, according to a DTCC announcement.The planned rollout, which DTCC described as limited in scope, represents a controlled entry into blockchain-based settlement infrastructure by the organization that processes the vast majority of U.S.

DTCC Targets July Tokenized-Asset Trading After Bl

MU: Top Memory Chip Maker 

They wrote $LUNC off. They said it was dead. But the community is still BUILDING. The burns are still HAPPENING. 🔥 We aren't just holding a coin; we are rewriting history. Every single transaction bri

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Secures Over $60 Million in Funding from Dragonfly, Sequoia, and Others. An In-Depth Look at the On-Chain Derivatives Protocol Variational | CryptoSeed

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