– FTX creditors have filed a class-action lawsuit against Sullivan & Cromwell, the law firm overseeing the FTX bankruptcy case.
– The lawsuit, filed on Feb. 16, alleges that S&C actively participated in, and financially benefited from, the FTTX Group’s multibillion-dollar fraud.
– FTX creditors are seeking damages for civil conspiracy, aiding and abetting fraud, and aiding and abetting fiduciary breaches.
“Sullivan & Cromwell in Hot Legal Soup!”
“FTX creditors say the firm was more than a sidekick in the crime!”
“The big question – To aid or not to aid in fraud?”
Well, the crypto world can never surprise me enough! And this week’s episode of “As the crypto turns”, we’ve Sullivan & Cromwell making headlines – but surely not in a way one would like. Tickling our love for drama, the FTX creditors have served them a piping-hot lawsuit. They believe S&C was more of an active player than an innocent bystander in the FTX Fraud Saga. It’s like the plot of a courtroom drama – but hey, who doesn’t enjoy a good ‘Law & Order’ episode here and there? So, grab your popcorn because this case is about to get its own ‘highlight reel’ in the courthouse and ensure there is never a dull day in the crypto world.
#FTXfraud #LegalDrama #SullivanandCromwell+FTX #cryptoIssuesOriginal article: https://cointelegraph.com/news/ftx-creditors-sue-sullivan-cromwell-alleging-fraud-involvement
