The government of the Bahamas has hired a U.S. law firm to handle legal work and engage with the U.S. government and media in connection with the collapse of the FTX cryptocurrency exchange, according to a U.S Justice Department filing.
Boston-based Brown Rudnick is advising the Bahamian government on issues related to the FTX bankruptcy and U.S. regulatory and criminal investigations tied to the exchange, said William Baldiga, a bankruptcy partner at the firm and one of the lead lawyers handling the work.under the U.S. Foreign Agent Registration Act, which requires disclosure of lobbying-related work on behalf of foreign governments or entities. The firm said it is working with Bahamian lawyers and communication experts.
Bankman-Fried is expected to enter an initial plea of not guilty in Manhattan federal court on Tuesday, a source familiar with the matter The Securities Commission of the Bahamas declined to comment on the claim earlier this month. The commission has previously accused FTX and its current CEO John Ray of creating a "false impression" about the Bahamian government's response to FTX's collapse.Thursday that it had temporarily taken control of digital assets valued at more than $3.5 billion that were held in FTX's Bahamas unit.
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