News

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.**

Mark Cohen

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.

Find out more information about Sam Bankman-fried Trial Live at Coincu.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

Coincu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.