A second examiner report in the bankruptcy case of FTX Trading has cleared the law firm Sullivan & Cromwell of ignoring red flags related to FTX's misconduct. The report, authored by examiner Robert Cleary, concluded that Sullivan & Cromwell did not overlook any critical signs while advising Sam Bankman-Fried on his $648 million purchase of Robinhood shares. The findings indicate that the firm's legal counsel was valid and that there were no disqualifying conflicts of interest in their pre-petition work for Bankman-Fried. The report also examined a $500 million purchase of stock in Robinhood Markets.