The collapse of the digital asset exchange FTX has sparked a legal firestorm, with investors taking aim at Sullivan and Cromwell (S&C), the law firm tasked with overseeing FTX’s bankruptcy proceedings. Allegations of fraud and misconduct have been hurled at the law firm, raising concerns about its role in the exchange’s downfall.

Sullivan & Cromwell, established in 1879, ranks as one of America’s largest law firms. It specializes in digital asset matters, recently advising Coinbase in its SEC dispute and potentially monitoring Binance’s settlement. In November, Bankman-Fried was found guilty of using customer funds for risky investments, political contributions, and real… Read more on bitcoinnews