According to news on May 31, FTX co-founder Sam Bankman-Fried argued that he relied on the advice of the well-known Silicon Valley law firm Fenwick & West when taking many actions that are currently facing fraud charges. Defense attorneys for SBF are asking the judge to compel prosecutors to turn over documents given to the government by former FTX law firm Fenwick & West. If the government disagrees, the SBF wants permission to subpoena Fenwick & West.
The defense said the advice included the use of encrypted messaging apps, multimillion-dollar loans to FTX executives and the cryptocurrency exchange's compliance with U.S. banking regulations. Fenwick & West became FTX's lead external legal counsel following its formation in 2019.
The defense said the advice included the use of encrypted messaging apps, multimillion-dollar loans to FTX executives and the cryptocurrency exchange's compliance with U.S. banking regulations. Fenwick & West became FTX's lead external legal counsel following its formation in 2019.