What’s the Deal With Sam Bankman-Fried’s ‘Advice of Counsel’ Defense
And why is it causing so much controversy in court? Original Source
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Counsel
'Absolutely Not': FTX's Former General Counsel Says He Never Approved Loans of Customer Funds
Can Sun testified on day 12 of the Sam Bankman-Fried trial. Original Source
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Former FTX boss plans to blame prior legal counsel ahead of October hearing
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Former FTX CEO, Sam Bankman-Fried, is set to face trial in October, with his defense team preparing to spotlight the role of previous legal counsel in key decisions made during his tenure. Sam Bankman-Fried, the former CEO
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Ripple (XRP) Court Ruling Unlikely to Impact Celsius Wind-Up, Crypto Lender’s Counsel Says
The XRP ruling could impact creditor repayments for holdings of Celsius’ token CEL, given U.S. bankruptcy rules which apply a mandatory downgrade to customer claims relating to securities. The estate has previously judged the token’s worth at $0.20, but it could also fall to zero, Koenig said, while some creditors
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Binance appoints new general counsel to lead a team of 85 lawyers
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Binance has appointed Eleanor Hughes as the new general counsel. She has been a member of the Binance legal team since November 2021. Hughes now takes over, leading a battery of 85 lawyers. Shift in Binance’s legal
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SEC is ‘wrongfully attempting’ to police crypto markets: Paradigm counsel
Crypto investment firm Paradigm’s Special Counsel Rodrigo Seira has become the latest to slam the United States securities regulator, this time for “wrongfully” pursuing crypto exchange Bittrex in an attempt to police secondary crypto markets.In a July 11 Twitter thread, Seira added his thoughts after an amicus brief filing from
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Sam Bankman-Fried's Bahamas Litigation May Take ‘Months or Years,’ His Counsel Says
The FTX founder’s lawyers argue that a new Supreme Court judgment shows that he has not committed fraud. Original Source
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FTX counsel and advisors rake in $34M in January
The law firms, investment banks and consulting companies working with FTX on its bankruptcy case billed the crypto exchange a combined $34.18 million in January, court documents reveal.FTX’s chief restructuring officer and new CEO, John J. Ray III, also received a hefty pay package, charging $1,300 an hour to a
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Former SEC Chief Counsel Says Agency Needs to Make Clear Its Crypto Compliance Rules
TuongVy Le, a partner and head of regulatory & policy at investment firm Bain Capital, says the agency is refraining from passing a rules-based framework and has to make it clear what digital assets it would deem compliant under its jurisdiction. Original Source
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Objections Raised Over Appointment of Sullivan & Cromwell as Debtors’ Counsel for FTX – Bitcoin News
On Friday, bankruptcy judge John Dorsey approved the law firm Sullivan & Cromwell (S&C) to be appointed as the debtors’ counsel for FTX, despite an objection from Daniel Friedberg, a former FTX US compliance officer. During a Zoom presentation, Friedberg claimed there was a conflict of interest between former and
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