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The SEC's Gurbir Grewal took responsibility for sanctioned actions in a suit against crypto project Debt Box, saying that the case did not represent the agency "at our best" but was not a sign of widespread problems with its enforcement proceedings. https://t.co/SxQ1l3zE5w
[COINTELEGRAPH] Investigation finds #FTX bankruptcy lawyer didn’t conspire with FTX
FTX's bankruptcy lawyers at Sullivan & Cromwell were not complicit in the fraud that caused the crypto company to collapse, a court-appointed examiner concluded. Subscribe to The Daily Docket: https://t.co/s1z0JFiNQe https://t.co/hQCRimif2J
A court-appointed examiner, Robert Cleary, has released a 200+ page report on the FTX bankruptcy case, concluding that the law firm Sullivan & Cromwell was not complicit in the fraud that led to the collapse of the cryptocurrency exchange. The report recommends further investigation into potential conflicts of interest related to Sullivan & Cromwell's representation of Sam Bankman-Fried (SBF) in the purchase of Robinhood shares and their involvement in the sale of LedgerX. Despite these concerns, the probe found no errors in hiring Sullivan & Cromwell for the FTX bankruptcy proceedings.