Sam Bankman-Fried Resume Efforts To Solve His Legal Problem With New Attorney

A representative for Bankman-Fried confirmed that Mark Cohen, a white-collar lawyer, was retained by the former FTX CEO, Reuter report.

After parting relations with Paul, Weiss, Rifkind, Wharton & Garrison in November, the disgraced former CEO is said to have hired David Mills and Gregory Joseph. Cohen is currently Bankman-Fried’s newest attorney.

This action coincides with regulators looking into the demise of FTX, which filed for bankruptcy protection last month following a run on its native utility token and Bankman-Fried’s resignation as CEO.\

Ellison, who oversaw the trading company Alameda Research, has retained the legal services of Washington-based Wilmer Cutler Pickering Hale and Dorr.

Regulators worldwide, including those in the Bahamas, where FTX is headquarters, and in the US, are looking into how top FTX officials, including Bankman-Fried, contributed to the firm’s dramatic collapse.

After experiencing a liquidity problem that caused at least $1 billion in lost customer funds, the cryptocurrency exchange declared bankruptcy last month.

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