FTX's former law firm faces a class-action lawsuit, with the plaintiffs alleging that it helped FTX establish shadow entities for money laundering

ChainCatcher news, according to CoinTelegraph, FTX's former legal advisor Fenwick & West LLP is facing a class-action lawsuit, accusing it of aiding FTX in committing billions of dollars in fraud. The lawsuit was filed on August 7 by a group of FTX customers, claiming that the services provided by Fenwick & West LLP "far exceeded what a law firm should and typically provides," such as organizing the acquisition of FTX's U.S. company in a way that evades regulatory scrutiny and providing employees to execute the strategies proposed by the law firm. The shadow entities mentioned in the lawsuit are North Dimension and North Wireless Dimension, which misappropriated FTX customers' funds.