FTX users reach settlement with law firm Fenwick & West

Users of the bankrupt exchange FTX have reached a settlement in their lawsuit against the company's law firm, Fenwick & West, Cointelegraph reported. Attorneys for Fenwick and the FTX users are scheduled to submit the settlement agreement to the court on Feb. 27. The specific terms of the agreement have not been disclosed. FTX users had previously filed a class-action lawsuit alleging that Fenwick assisted former FTX executives in creating shell companies to misappropriate billions of dollars.