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The American Lawyer

Sullivan & Cromwell, Fenwick & West Trim FTX Relationship From Sites

Both firms had previously advised the cryptocurrency trading platform on transactional work.
3 minute read

Daily Business Review

Miami Heat's Arena Will Get New Name After FTX Collapse

Miami-Dade County, which owns the arena and negotiated the naming rights deal, struck the agreement with FTX in March 2021.
2 minute read

Daily Business Review

Bankman-Fried's Downfall Sends Shock Waves Through Crypto

Sam Bankman-Fried, who founded FTX in 2019 and was recently valued at $32 billion, attracted investments from the highest echelons of Silicon Valley.
6 minute read

The American Lawyer

For Crypto Attorneys, FTX Bankruptcy Is a 'Black Swan Event'

The fight in bankruptcy court will help shape the future of the industry, practitioners say. And interest in the space among rising lawyers remains sky high, according to Winston & Strawn's Daniel Stabile.
6 minute read

Daily Business Review

Bankman-Fried's 'Effective Altruism' Implodes With His Fortunes

Before his downfall, Sam Bankman-Fried focused his charitable endeavors on effective altruism, the idea of trying to have the greatest impact by carefully spending money to solve problems.
4 minute read

New York Law Journal

Manhattan US Attorney Announces Seizure of Bitcoin Previously Valued at $3.4 Billion

In recent months, the price has hovered at less than one-third of bitcoin's value at the time of the seizure.
3 minute read

The Legal Intelligencer

How Cannabis Is Looking to Conquer NFTs and the Metaverse

While offering to solve cannabis' most severe woes, it is unclear whether the "shared, immersive virtual world" metaverse's reach exceeds its grasp or whether cryptographic, blockchain asset non fungible tokens are "all flash and no cash."
9 minute read

National Law Journal

DOJ Response in Crypto Investor's Challenge to Labor Dept. Guidance Could Defuse Case

"[The agency's response to our suit] makes at least five key concessions, which provide the court with the opportunity to resolve this case right now," wrote investment group's attorney Edward J. Meehan with the Groom Law Group.
2 minute read

The American Lawyer

Big Law Lands in the Matrix: ArentFox Schiff's Metaverse Office is Open for Business

"It shows our commitment to go where you are. You want to go into that space? We'll go there with you. We'll figure it out. We can now say we've been through it. We know what the process looks like," said ArentFox Schiff's Anthony Lupo.
5 minute read

Legaltech News

The Three Tools Legal-Compliance Ops Teams Need to Keep Up With Ever-Changing Crypto Regulations

As the crypto market continues to be plagued by regulatory uncertainty, legal-compliance ops teams need to be equipping themselves with GRC, BSA/AML and wallet monitoring tools to stay ahead of the curve.
7 minute read

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