TechFlow, August 28 — According to CryptoNews, on Monday, the prominent Silicon Valley law firm Fenwick & West dismissed allegations in court filings that it played a central role in the collapse of cryptocurrency exchange FTX, calling the claims "superficial" and "flawed." The firm emphasized that it had merely provided routine legal services that any outside counsel would have offered and was unaware of FTX's fraudulent activities.
Meanwhile, FTX has announced it will begin the next round of cash distributions to creditors around September 30, 2025, with the record date for eligible claimants set at August 15. However, a Chinese creditor representing over 300 users is opposing FTX's proposal to restrict payments to 49 jurisdictions including China, arguing it lacks legal basis and is unfair.
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