A former regulatory officer for FTX has made some hefty allegations against the law firm representing FTX which one observer said could potentially have “blown the top of this bankruptcy case.”
A former FTX chief lawyer has accused the company's US general counsel of channeling business to Sullivan & Cromwell — the firm currently serving FTX as bankruptcy counsel.
In the declaration, Friedberg alleges that FTX.US lead counsel Ryne Miller, a former partner at S&C channeled business towards his former law firm across numerous cases, with Friedberg stating: Friedberg claims in the filing that he reminded Miller that his “allegiance” was to the debtor and not to S&C which he suggested “continued to be a problem throughout his work” at FTX.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Which tokens could FTX dump on the market?FTX’s list of illiquid tokens includes TRUMPLOSE, a prediction token the exchange used during the last U.S. presidential election. But it has major holdings in well known coins too.
Read more »
Bitcoin Stocks Correlation Surges After Decoupling from Wall St Amid FTX DramaA record Bitcoin stocks correlation in Dec after a sharp reversal during the FTX collapse should boost investor confidence in BTC.
Read more »
FTX and Inspector Gadget co-creator's lucrative relationship: reportThe co-creator of 'Inspector Gadget' reportedly had a close relationship with Sam Bankman-Fried's FTX, which included a secret $50 million loan
Read more »
'Scam Bankrupt Fraud': FTX founder used confusing, 'technocratic jargon' to throw off public, investor saysExecutive chair of Strive Asset Management Vivek Ramaswamy breaks down the Sam Bankman-Fried FTX scandal in a 'Tucker Carlson Originals' documentary dropping on Fox Nation.
Read more »
FTX US Discovers Another $90 Million MissingWhile mapping out assets to be repossessed by its creditors, FTX US identified about $180 million, over half of which were already gone.
Read more »
In Africa, FTX Posed as Haven From Tumbling Currencies, InflationIn the final days before its implosion, cryptocurrency exchange FTX was aggressively recruiting new customers in Africa, whose funds are now stuck in bankruptcy proceedings
Read more »