TechFlow news, according to The Block, lawyers for former FTX CEO Sam Bankman-Fried plan to shift responsibility onto former legal counsel during the trial set to begin in October.
Bankman-Fried's lawyers said they intend to obtain evidence in court showing that law firm Fenwick & West and FTX's internal legal counsel were involved in "reviewing and approving" certain decisions.
The legal team plans to argue that FTX's legal advisors provided legal guidance on matters including the auto-deletion policy and loans between FTX and Alameda Research, leading Bankman-Fried to believe he was acting in "good faith." In court filings on Wednesday, they stated that the defendant's reliance on legal counsel is relevant to intent issues, and is not limited to situations where the defendant formally sought advice, received advice, and followed it.
Fenwick did not immediately respond to The Block's request for comment.
