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Bankman-Fried Takes the Stand With a Great Focus on Relying on Counsel and Legal Advice
26.10.2023
The former FTX CEO Sam Bankman-Fried testified Thursday without jurors present. Bankman-Fried was questioned by his attorney, Mark Cohen, before the judge. He described FTX senior staff using encrypted messaging, discussed obtaining Alameda’s bank account, and talked about business operations with...
Former FTX Law Firm Denies Role in Collapse; Challenges Allegations as ‘Fatally Deficient’ in Court Motion
26.9.2023
San Francisco-based law firm Fenwick & West LLP is denying allegations from FTX founder Sam Bankman-Fried that the firm provided legal advice enabling the alleged fraud that led to the cryptocurrency exchange’s collapse. In a recent court filing, Fenwick & West asserts the allegations...
Prosecutors Challenge FTX Founder’s Legal Advice Defense Ahead of Fraud Trial
30.8.2023
Sam Bankman-Fried’s legal team claimed last week that the FTX founder received assurances from lawyers his actions were lawful. However, federal prosecutors are now contesting the validity of Bankman-Fried’s defense strategy ahead of trial. Bankman-Fried’s Legal Defense...
Sam Bankman-Fried Claims He Relied on Legal Advice in FTX Scandal
24.8.2023
Lawyers for Sam Bankman-Fried claim the FTX founder, who has fallen from grace, based his business decisions on legal advice from company attorneys before the cryptocurrency exchange’s downfall. FTX Founder Bankman-Fried Claims Actions Were Based on Legal Advice, Denies Fraudulent Intent In...
FTX Founder SBF to Pin Blame For FTX Collapse on Bad Legal Advice
23.8.2023
Sam Bankman-Fried (SBF), the founder and former CEO of bankrupt cryptocurrency exchange FTX, is going to attempt to get off the hook by saying he was acting in “good faith” by following the advice of his former lawyers.
SBF was charged by the US Department of Justice on numerous accounts of fraud...
Crypto lawyers to be in demand as regulatory pressure reaches boiling point
26.1.2023
Commercial lawyers with a solid knowledge of blockchain and crypto tech will be in particularly high demand
Esports team TSM suspends $210M sponsorship deal with FTX
17.11.2022
TSM confirmed that it remains “strong, profitable and stable” despite its decision to suspend the sponsorship with FTX
Gaming Giant Animoca Brands Reveals Ban Against Russian Users, Co-Founder Compares Russia to North Korea
3.3.2022
Blockchain gaming firm Animoca Brands has revealed the company is breaking ties with Russian users following the Ukraine invasion that started seven days ago. Animoca Brands co-founder Yat Siu noted in an interview that the company received legal advice about the situation and the Animoca executive...
Nigerian Crypto and Blockchain Advocacy Group: Freezing or Closure of Bank Accounts Not Supported by Law
23.11.2021
The Blockchain Industry Coordinating Committee of Nigeria (BICCON), has said it is not lawful for Nigerian financial institutions to arbitrarily freeze or close bank accounts belonging to individuals or entities accused of trading cryptocurrency. Affected Crypto Entities Told to Seek Legal Advice...
Not Legal Advice... America: The world’s most creative junkie
1.9.2021
What the United States needs is tens of billions of dollars, and the state is going to take it from the American crypto community
Court denies SEC access to Ripple’s legal advice
31.5.2021
Ripple’s legal battle with U.S. regulators continues