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Sam Bankman-Fried Hires Mark Cohen as His Attorney: Reuters
The former head of the now-bankrupt crypto exchange, Bankman-Fried has yet to be charged with any crimes.
Updated May 9, 2023, 4:04 a.m. Published Dec 6, 2022, 8:59 p.m.
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Sam Bankman-Fried has retained high-profile defense attorney Mark Cohen, reported Reuters on Tuesday, citing confirmation from Bankman-Fried's spokesperson Mark Botnick.
A partner at Cohen & Gresser, Mark Cohen is a former federal prosecutor and recently represented Ghislaine Maxwell in her sex trafficking trial.
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Though not yet formally charged with any wrongdoing, Bankman-Fried is reportedly being probed by both U.S. federal prosecutors and the Securities and Exchange Commission (SEC) for his actions with respect to FTX – the failed crypto exchange he once led – and its sister company Alameda Research.
Since the collapse of FTX, Bankman-Fried – against what might be typical legal advice to keep one's mouth shut – has submitted to extensive questioning in numerous forums, describing his actions as leader of the exchange as possibly stupid but not criminal. The stakes, though, have been upped somewhat of late, with Rep. Maxine Waters (D-Calif.) strongly suggesting that SBF appear next week before the House Committee on Financial Services, which she chairs, where he would presumably be under oath.
Read More: Sam Bankman-Fried's Self-Incrimination Tour
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Specialized AI detects 92% of real-world DeFi exploits
New research claims specialized AI dramatically outperforms general-purpose models at detecting exploited DeFi vulnerabilities.
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- A purpose-built AI security agent detected vulnerabilities in 92% of 90 exploited DeFi contracts ($96.8 million in exploit value), compared with 34% and $7.5 million for a baseline GPT-5.1-based coding agent running on the same underlying model.
- The gap came from domain-specific security methodology layered on top of the model, not differences in core AI capability, according to the report.
- The findings come as prior research from Anthropic and OpenAI shows AI agents can execute end-to-end smart contract exploits at low cost, accelerating concerns that offensive AI capabilities are scaling faster than defensive adoption.
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