NPR: FTX Founder Sam Bankman-Fried Keeps Talking — A Move that Lawyers Say is Risky

February 16, 2023

Sam Bankman-Fried, founder of the bankrupt cryptocurrency exchange FTX, has publicly defended himself in the wake of fraud accusations, telling his side of the story that led to his company’s collapse in interviews, email newsletters, and on Twitter. “I think every white-collar lawyer you could ask would say, shut up, right? Keep your mouth shut, and let us do the talking,” said Rebecca Mermelstein, a defense attorney at O’Melveny & Myers LLP. “It’s really challenging to represent someone who doesn't want to take your advice or wants to speak despite being advised not to do so.”

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