November 26, 2022

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Bankrupt crypto exchange FTX begins strategic review of global assets

1 min read
Bankrupt crypto exchange FTX begins strategic review of global assets

As part of

On Nov. 19, the law firm assisting FTX and SBF amid bankruptcy backed off from representing the entrepreneur, citing conflicts of interest.

According to Paul, Weiss attorney Martin Flumenbaum:

“We informed Mr. Bankman-Fried several days ago, after the filing of the FTX bankruptcy, that conflicts have arisen that precluded us from representing him.”

Flumenbaum believed that Sam Bankman-Fried’s “incessant and disruptive tweeting” negatively impacted the reorganization efforts of the lawyers.