Paul Weiss Law Bureau refused to represent the interests of the FTX head in court – Bits Media

The Paul Weiss lawyer company stops providing legal support to the former General Director of the FTX Cryptocurrency Exchange Sam Bankman-Frida, referring to the conflict of interests.

Paul Weiss claims, that Sam Bankman-Fried (Sam Bankman-Fried) interferes with the efforts of the bureau FTX reorganization through "ongoing and destructive tweets". In a statement by lawyer Martin Flumenbaum (Martin Flumenbaum) It is said:

“A few days ago, After submitting a bankruptcy application FTX, We informed Bankman-Fried about the conflicts that have arisen, who deprived us of the opportunity to represent his interests ".

Starting with 14 November Bankman-Fried published a series of "strange tweets", which caused a wide discussion among users. Although he claims, what "improvises" and "invents on the go", Some users are suggested, that in this way Bankman-Frida distracts bots from detecting simultaneously remote messages.

In addition, Assumptions were made, that at the time of publications, the former head of the FTX could be under the influence of antidepressants. More radical users see intent in strange messages of a businessman. Supposedly in this way, Bankman-Fried is trying to create the illusion of his insanity and, with the development of a negative script, plans to evade judicial responsibility.

Although Bankman-Frida has not yet been charged with any crime, His behavior as head of FTX is investigated by the Ministry of Justice, US Securities and Exchange Commission (SEC), as well as the US trade futures Commission (CFTC).

New CEO of FTX John Ray (John J. Ray) sharply criticized the miscalculations of the previous administration and the personal control style of Bankman-Frida itself.

Ray noted, that due to the lack of proper personnel accounting, it is impossible to make a list of company employees. There was also an unsuccessful attempt by the new FTX administration to receive data on the adopted corporate decisions, Since Sam Bankman-Fried and his employees widely used communication platforms, intended for automatic removal of messages.