Crypto Exchange Founder Leans on ‘Advice of Counsel’ Defense in Fraud Trial: Implications for the Legal World
FTX crypto exchange founder, Sam Bankman-Fried, is expected to employ an ‘advice of counsel’ defense tactic in his impending fraud trial. The heart of this strategy is to assign the blame, for the alleged illegalities, to what he sees as dubious advice provided by in-house counsel and a notable Biglaw firm. In essence, Sam Bankman-Fried…