Bankman-Fried is bracing for a raft of legal and regulatory scrutiny.
Beleaguered FTX founder Sam Bankman-Fried has reportedly tapped a key member of convicted sex offender Ghislaine Maxwell’s legal team to represent him following the collapse of his cryptocurrency empire.
During a Twitter Spaces appearance on Tuesday, Bankman-Fried reportedly said his hiring of Cohen was “going on advice of counsel and people who are able to understand the situation and the context,” according toIt’s unclear how Bankman-Fried plans to pay for a high-profile attorney like Cohen as he forms his legal team. The FTX founder’s net worth went from $16 billion to zero in a matter of days when FTX failed.Mark Cohen repped Ghislaine Maxwell during her recent trial.
While Bankman-Fried has yet to be charged with any crime, the disgraced ex-billionaire faces mounting legal and regulatory scrutiny over his role in FTX’s meltdown.
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