Former FTX boss plans to blame prior legal counsel ahead of October hearing
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 of the now-bankrupt crypto exchange FTX, is set to go on trial in October, and new defense strategies have emerged. Bankman-Fried lawyers are gearing up to potentially place a portion of the blame on the previous legal counsel affiliated with the failed exchange. According to recent reports, the defense team intends to present evidence that legal representatives from Fenwick & West LLP, in conjunction with in-house lawyers, played a role in “reviewing and approving” pivotal decisions. The core argument is that these lawyers provided Bankman-Fried with advice on critical subjects, including auto-delete protocols and loans involving both FTX and Alameda Research. As a result of such counsel , the former FTX boss is believed to have thought he was ...