Reported 5 months ago
In a report released by a court-appointed examiner, it was found that FTX's bankruptcy lawyers from Sullivan & Cromwell were not complicit in the fraud that led to the collapse of the crypto company. Former FTX CEO Sam Bankman-Fried was convicted of stealing $8 billion from FTX customers, but the investigation found no evidence that the law firm knew about the fraud or ignored any warning signs. Despite facing accusations from FTX creditors and investors, the law firm's pre-bankruptcy work for FTX was deemed to be without any complicity in the fraud.
Source: YAHOO