(Reuters) – 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.
The firm reported the representation in a filing 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.
FTX founder Sam Bankman-Fried was arrested on Dec. 12 in the Bahamas, where the exchange was based, and extradited to the United States after U.S. prosecutors accused him of defrauding investors and looting billions in customer deposits.
Bankman-Fried is expected to enter an initial plea of not guilty in Manhattan federal court on Tuesday, a source familiar with the matter told Reuters. He has previously acknowledged risk-management failures at FTX but said he did not believe he was criminally liable.
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