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  • FTX’s Sam Bankman-Fried just hired Ghislaine Maxwell’s defense attorney

    12/08/2022 8:13:22 AM PST · by Tench_Coxe · 36 replies
    Beleaguered FTX founder Sam Bankman-Fried has reportedly tapped a key member of convicted sex offender Ghislaine Maxwell’s legal team to represent him following the collapse of his cryptocurrency empire.Bankman-Fried hired Mark S. Cohen, a managing partner and co-founder of the Cohen & Gresser law firm in New York, Reuters reported, citing a message from the former FTX boss’s spokesperson Mark Botnick.
  • FTX’s First Day in Court: ‘Personal Fiefdom of Sam Bankman-Fried’

    11/27/2022 8:17:45 AM PST · by DoodleBob · 65 replies
    PYMNTS ^ | November 22, 2022 | PYMNTS
    Almost a full two weeks after first filing for bankruptcy on Nov. 11, the insolvent cryptocurrency exchange FTX finally held its first-day motion requests on Tuesday (Nov. 22). The hearing took place in Wilmington, Delaware, the traditional city where corporate bankruptcy cases are heard.Presided over by Judge John T. Dorsey of the U.S. Bankruptcy Court for the District of Delaware, the Tuesday session focused on what assets FTX has, to whom they are owed, and where the overall bankruptcy case for FTX and its affiliates should be held.The remaining “how” of the once-popular crypto exchange’s implosion has been widely covered;...