(Reuters) - Law firm Fenwick & West has hired its own outside legal team as it faces scrutiny over its role advising now-bankrupt cryptocurrency exchange FTX, including from the company's indicted founder Sam Bankman-Fried.
Silicon Valley-founded Fenwick has turned to Gibson, Dunn & Crutcher as its advice becomes a focus of Bankman-Fried’s criminal defense, according to court documents and sources familiar with the situation.
Nancy Hart and Kevin Rosen, leaders in Gibson Dunn's prominent law firm defense practice, are representing Fenwick on issues related to FTX, including in the Bankman-Fried criminal case and a federal class action lawsuit, sources said.
Spokespersons for Fenwick and Gibson Dunn declined to comment.
Fenwick, known for representing startups and technology clients, was a primary outside law firm advising FTX as it grew into one of the world’s largest cryptocurrency exchanges before imploding in a rapid collapse last November. The firm also counseled Bankman-Fried’s hedge fund Alameda Research, which is at the center of the criminal case against him.
Bankman-Fried is facing fraud, campaign finance and other charges after U.S. prosecutors said he stole billions in FTX customer funds to prop up the fledging Alameda hedge fund. Bankman-Fried has pleaded not guilty and asked a judge to toss much of the indictment against him.
Bankman-Fried has sought a judge’s permission to subpoena documents from Fenwick that he claims will show he received legal...
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