Sullivan & Cromwell office sign. Courtesy photo FTX Examiner Requests Additional Investigation on Sullivan & Cromwell
A court-appointed examiner requested up to $3 million to investigate the law firm's role in advising Sam Bankman-Fried on his purchase of Robinhood shares, as well as two other issues.
June 13, 2024 at 03:48 PM
3 minute read
What You Need to Know
- A court-appointed examiner in the FTX bankruptcy seeks to embark on an additional investigation into Sullivan & Cromwell's prepetition work for the fraudulent cryptocurrency exchange.
- The examiner previously reported that he found no evidence that Sullivan & Cromwell was aware of the fraud during prepetition work.
- A July 17 hearing will determine whether three additional investigations will proceed.
Sullivan & Cromwell may face further inquiry into its prepetition work for FTX, the fraudulent cryptocurrency exchange that the law firm is now representing as debtor counsel in the U.S. Bankruptcy Court for the District of Delaware.
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