Sullivan & Cromwell was officially retained as debtor’s counsel in the multibillion-dollar bankruptcy of cryptocurrency exchange FTX and its associated companies, U.S. Bankruptcy Court Judge John T. Dorsey of Delaware ruled during a Friday hearing on the matter.

During the hearing, Dorsey said that a last-minute Thursday declaration filed by former FTX.US chief compliance officer Daniel Friedberg was full of “hearsay, innuendos, and rumors,” and denied a request by two objecting creditors to pause the hearing to allow Friedberg to appear in person to testify. Although Friedberg’s declaration affirmed his willingness to testify, Dorsey also denied the creditors’ attorney’s request to allow Friedberg to testify by Zoom.

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