Lawyers Advising Crypto-Firms Could Face Civil, or Even Criminal Liability | John Reed Stark, LinkedIn

Consider SBF and Fenwick & West. According to the WSJ, when Daniel Friedberg was a Fenwick & West partner (before he became FTX Chief Regulatory Officer), he may have enabled FTX’s alleged fraud:

“Bankman-Fried needed ever-larger sums to keep the operation afloat. In late 2018, he promised potential lenders of cash or crypto annual returns of up to 20%, according to people familiar with the pitches. When one prospective lender asked about Alameda’s financials, Bankman-Fried’s lawyer explained that the firm often handled large amounts of bitcoin but offered no detailed financial information, according to a document viewed by the WSJ. ‘We know the owner of Alameda and consider him of the highest reputation in the industry,’ Daniel Friedberg wrote on the letterhead of his law firm, Fenwick & West LLP.”

Source: Lawyers Advising Crypto-Firms Could Face Civil, or Even Criminal Liability | John Reed Stark, LinkedIn