Twitter is not in the news just because of Elon Musk. It is evident from the fiasco surrounding the founder of the crypto platform, FTX, Sam Bankman-Fried. His lawyers just fired him as a client as he did not stop retweeting on the famous platform.
According to Bloomberg, the Paul Weiss law firm revealed that they are no longer keeping Sam as their client because his “incessant and disruptive tweeting” was making the task of making him come clean an ordeal.
“We informed Mr. Bankman-Fried several days ago, after the filing of the FTX bankruptcy, that conflicts have arisen that precluded us from representing him,” Martin Flumenbaum, a Paul Weiss lawyer, said in a statement.
After FTX’s collapse, SBF was continually tweeting about what had happened and the statements were not aligning right. In a subsequent interview with the New York Times, SBF admitted that he’s been “improvising” and “making it up as I go” after the company went down.
This action by the lawyers has further created problems for SBF which was already having a hard time coming out of this chaos.
Out of all that is happening around SBF, there might be societal welfare coming as a result of it.
SBF is the face of nepotism and was one of the most powerful and influential personalities in crypto. His going down like this is a sign that institutions will hold people accountable when they start doing wrong.