In a recent development, FTX's former legal firm, Fenwick&West, has been sued over allegations of setting up 'shadow entities' to facilitate illicit activities. The lawsuit alleges that the firm was instrumental in managing malicious transactions on behalf of FTX and its executives. It is further claimed that the exchange's unlawful operations were carried out via these entities. The post FTX Lawsuit Update: Allegations of a ‘Shadow Entity’ Emerge in Crypto World appeared first on COINOTAG EN .