Pros of Legal Counsel on Sam Bankman-Fried’s Actions at FTX: 1. Provides expert advice and guidance on legal matters.
2. Can help navigate complex regulations and legal frameworks. 3. Increases the likelihood of making informed decisions.
4. Plays a crucial role in protecting and defending Sam Bankman-Fried’s interests.
5. Helps ensure compliance with the law, reducing the risk of legal repercussions.
Cons of Legal Counsel on Sam Bankman-Fried’s Actions at FTX: 1. Can be expensive, adding to the financial burden.
2. May slow down decision-making processes.
3. The reliance on legal advice can lead to a detachment from ethical considerations. 4. Legal strategies can sometimes be seen as manipulative or misleading.
5. The effectiveness of legal counsel is highly dependent on the competence and integrity of the chosen attorney.
The crypto-exchange founder faces a unique challenge as he prepares to testify before a jury, struggling through an unusual rehearsal of self-defense.