Paul Weiss Drops Ex-FTX CEO Bankman-Fried on Conflicts (Correct)

Nov. 18, 2022, 3:46 PM UTCUpdated: Nov. 21, 2022, 4:01 PM UTC

Paul Weiss said Friday it has stopped representing embattled crypto mogul Sam Bankman-Fried, citing conflicts of interest.

Bankman-Fried, the former CEO of bankrupt crypto exchange FTX, is losing the firm’s help as US lawyers for the platform claim he is disrupting reorganization efforts through “incessant and disruptive tweeting.”

“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,” Paul Weiss counsel Martin Flumenbaum said in a statement.

FTX collapsed in value last week and is now facing inquiries from U.S. and international regulators. The platform filed ...

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