September 11, 2023
Sam Bankman-Fried on Monday asked a Florida federal court to pause FTX customers' proposed class action against him until his upcoming criminal trial has concluded, arguing that his Fifth Amendment rights would be "severely and impermissibly jeopardized" if he's forced to defend the customers' claims before the trial.
August 03, 2023
A Florida federal judge on Thursday blocked a request by former customers of FTX to see the contracts signed by celebrity promoters of the failed crypto exchange, pausing discovery in the case until at least September after celebrities complained about the burdensome and costly demands being placed on them.
July 27, 2023
A pair of crypto banks with close ties to collapsed exchange FTX helped disgraced founder Sam Bankman-Fried abscond with $8 billion in customer assets by allowing him to place some of that money offshore and out of the hands of U.S. authorities, according to a lawsuit filed in Washington federal court.
June 21, 2023
As Fenwick & West LLP faces scrutiny over its role counseling FTX, the law firm has hired Gibson Dunn & Crutcher LLP to represent it in matters related to the now-bankrupt crypto exchange, whose former CEO Sam Bankman-Fried is exploring a blame-the-lawyers criminal defense strategy.