Co-founder and former CEO of FTX Sam Bankman-Fried speaks during the Institute of International Finance (IIF) annual membership meeting in Washington, DC, US, on Thursday, Oct. 13, 2022. Photo: Ting Shen/Bloomberg Law Firms Wary of Crypto Payments in Wake of FTX Scandal
"There is a crisis of confidence right now, meaning that firms not accepting cryptocurrencies before the FTX situation wouldn't be considering it now," said Kleinberg Kaplan partner Jared Gianatasio.
November 17, 2022 at 11:55 AM
6 minute read
After witnessing billions in customer and investor dollars vanish from one of the world's most popular platforms for trading digital assets, law firms' risk-averse attitude to cryptocurrencies as payment for legal services is likely to be further ingrained in the wake of the FTX scandal, according to crypto lawyers.
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