Sam Bankman-Fried and another former top FTX executive have said Sullivan & Cromwell understated the scale of its work for the exchange before its collapse, sharpening the scrutiny of the law firm’s lucrative bankruptcy appointment.
Sullivan’s appointment as counsel to FTX, which filed for Chapter 11 in November, has been challenged by a creditor to the cryptocurrency exchange and questioned by four US senators who argue its close links to FTX before its collapse mean the firm cannot impartially investigate the company’s demise.
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