As a former top lawyer at bankrupt cryptocurrency exchange FTX, Daniel Friedberg helped Sam Bankman-Fried plunder billions of dollars from customer accounts and paid off whistleblowers as a “fixer” for the accused fraudster, according to a lawsuit FTX Trading Ltd. filed this week in Delaware bankruptcy court.

Friedberg, who was both FTX’s chief compliance officer and general counsel at crypto hedge fund Alameda Research, is accused of enabling a scheme in which Bankman-Fried and other higher-ups raided customer exchange deposits to enrich themselves, “lining their own and their families’ and friends’ pockets, and ingratiating themselves with numerous business prospects and potential allies,” the lawsuit says.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]