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The American Lawyer

Sullivan & Cromwell Handling FTX Bankruptcy Is Just the Tip of the Iceberg

"Whether it be a federal criminal forum, whether it be the bankruptcy forum, whether it be the regulatory forum, there's going to be a lot of lawyers involved in this no question about it," said Robert Shimberg, a shareholder at Hill Ward Henderson.
4 minute read

The American Lawyer

Sullivan & Cromwell Handling FTX Bankruptcy Is Just the Tip of the Iceberg

"Whether it be a federal criminal forum, whether it be the bankruptcy forum, whether it be the regulatory forum, there's going to be a lot of lawyers involved in this no question about it," said Robert Shimberg, a shareholder at Hill Ward Henderson.
4 minute read

Daily Business Review

FTX Wrangles a Million Creditors Amid Chaotic Collapse

FTX and its trading arm, Alameda Research, plunged into bankruptcy after facing "a severe liquidity crisis," according to bankruptcy court filings.
3 minute read

The American Lawyer

Sullivan & Cromwell, Fenwick & West Trim FTX Relationship From Sites

Both firms had previously advised the cryptocurrency trading platform on transactional work.
3 minute read

Daily Business Review

Miami Heat's Arena Will Get New Name After FTX Collapse

Miami-Dade County, which owns the arena and negotiated the naming rights deal, struck the agreement with FTX in March 2021.
2 minute read

Daily Business Review

Bankman-Fried's Downfall Sends Shock Waves Through Crypto

Sam Bankman-Fried, who founded FTX in 2019 and was recently valued at $32 billion, attracted investments from the highest echelons of Silicon Valley.
6 minute read

The American Lawyer

For Crypto Attorneys, FTX Bankruptcy Is a 'Black Swan Event'

The fight in bankruptcy court will help shape the future of the industry, practitioners say. And interest in the space among rising lawyers remains sky high, according to Winston & Strawn's Daniel Stabile.
6 minute read

Daily Business Review

Bankman-Fried's 'Effective Altruism' Implodes With His Fortunes

Before his downfall, Sam Bankman-Fried focused his charitable endeavors on effective altruism, the idea of trying to have the greatest impact by carefully spending money to solve problems.
4 minute read

New York Law Journal

Manhattan US Attorney Announces Seizure of Bitcoin Previously Valued at $3.4 Billion

In recent months, the price has hovered at less than one-third of bitcoin's value at the time of the seizure.
3 minute read

The Legal Intelligencer

How Cannabis Is Looking to Conquer NFTs and the Metaverse

While offering to solve cannabis' most severe woes, it is unclear whether the "shared, immersive virtual world" metaverse's reach exceeds its grasp or whether cryptographic, blockchain asset non fungible tokens are "all flash and no cash."
9 minute read

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