Fenwick & West to Pay $54 Million in FTX Collapse Settlement (2)

A law firm, an auditor, and an alleged promoter of the FTX cryptocurrency reached settlements with people who lost money through the exchange’s failure, with Fenwick & West LLP agreeing to pay a class of digital asset and account holders $54 million.

Public accounting firm Prager Metis CPAs LLC agreed to fork over almost $11.8 million and former NBA player Udonis Haslem consented to a $420,000 payment, according to court filings. They seek Judge K. Michael Moore‘s preliminary approval of the settlements in the US District Court for the Southern District of Florida.

The settlement class would include those ...