Former FTX CEO Sam Bankman-Fried Begins to Prepare for Self-Defense!

Former head of the currently bankrupt crypto exchange Bankman-Fried He has not yet been charged with any crime.

Sam Bankman-Fried Agreed With Mark Cohen To Advocacy

Spokesperson for Reuters’ Bankman-Fried Mark BotnickSam Bankman-Fried has hired top defense attorney Mark Cohen, citing a confirmation from .

Mark Cohen, a partner at Cohen & Gresser, was a former federal prosecutor and had recently represented Ghislaine Maxwell in a lawsuit.

While he has not yet been formally charged with any misconduct, Bankman-Fried is reportedly being investigated by both US federal prosecutors and the Securities and Exchange Commission (SEC) for his actions regarding the bankrupt crypto exchange FTX, which he once led, and its subsidiary, Alameda Research.

Since the collapse of FTX, Bankman-Fried has faced extensive questioning in numerous forums against legal advice to keep his mouth shut.

As the leader of the exchange, he described his actions as possibly foolish but not criminal.

But the stakes have been raised a bit more recently, when Representative Maxine Waters strongly suggested that she appear before the House Financial Services Committee, which the SBF chairs, next week, and possibly testify under oath.

Bankman-Fried said in a statement on Twitter:

“Mr. Waters and the House Financial Services Committee: After learning and reviewing what happened, I think it’s my duty to stand before the committee and make a statement.

I’m not sure this will happen until the 13th. But when it happens, I will testify,” he said.

*Not investment advice.