FTX bankruptcy lawyers were not complicit in fraud, report finds | Reuters

FTX’s bankruptcy lawyers at Sullivan & Cromwell were not complicit in the fraud that caused the crypto company to collapse, a court-appointed examiner concluded on Thursday.

Former FTX CEO Sam Bankman-Fried was convicted in November of stealing $8 billion from FTX customers. FTX creditors and investors had accused the company’s lawyers at Sullivan & Cromwell of failing to stop the fraud while positioning themselves for a lucrative position as the company’s primary bankruptcy counsel.

Source: FTX bankruptcy lawyers were not complicit in fraud, report finds | Reuters