Former FTX Executive Establishes Law Firm
Former FTX executive, Brett Miller, has announced the establishment of his own law firm called Miller Strategic Partners. The firm will focus on providing regulatory and strategic advice to digital asset and blockchain companies, as well as crisis response management and regulatory guidance for trading and market participants. Miller will be joined by William Schroeder, a law professor with extensive experience in the industry, as a partner in the venture. Miller expressed his excitement about working with Schroeder to advance fair and efficient markets across different asset classes.
More FTX Executives Facing Legal Consequences
Miller’s launch of his new law firm comes at a time when more executives from FTX are entering plea deals. Recently, former co-CEO Ryan Salame revealed plans to plead guilty to criminal charges related to the collapse of FTX. Other executives, including former Alameda Research CEO Caroline Ellison, Gary Wang (former CTO of FTX), and Nishad Singh (former director of engineering at FTX), have also pleaded guilty to various charges. However, Sam Bankman-Fried, the founder of FTX, has pleaded not guilty.
FTX’s Crypto Holdings and Potential Sale
Amidst these legal developments, it was revealed that FTX holds approximately $7 billion in assets, including significant amounts of Solana (SOL) tokens and Bitcoin (BTC). A judge in the US Bankruptcy Court has ruled that FTX can sell and invest its crypto holdings to repay creditors. Justin Sun, founder of Tron Network, has expressed interest in making a bid for FTX’s assets to minimize market impact and foster growth in the sector.
Hot Take: Former FTX Executive Launches Law Firm Amidst Legal Troubles
Brett Miller, a former executive at FTX, has established his own law firm, Miller Strategic Partners. The firm aims to provide regulatory advice and strategic guidance to digital asset and blockchain companies, as well as crisis response management. Miller will be partnering with William Schroeder, a highly experienced law professor and former Sullivan & Cromwell employee. This move comes as more FTX executives, including Ryan Salame, Caroline Ellison, Gary Wang, and Nishad Singh, face legal consequences related to the collapse of FTX. Meanwhile, FTX holds significant crypto assets and may sell them to repay creditors. Justin Sun is considering making a bid for these assets to mitigate market impact and drive industry growth.
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