Lawyers for the FTX bankruptcy estate and the FTX multidistrict litigation plaintiffs have resolved their differences and are now working together. This collaboration was prompted by the realization of a $20 billion out-of-pocket loss for damages, as reported by Michael Adam Mora. Additionally, FTX customers have shouldered extraordinary costs in the conviction of Sam Bankman-Fried, with five law professors arguing that the US government's rush to prosecute him caused further suffering for customers whose money was frozen during FTX's bankruptcy.
Column: Customers whose money was frozen when FTX entered bankruptcy suffered in at least two ways from the US government’s rush to prosecute CEO Sam Bankman-Fried, says a brief from five law professors in SBF’s appeal of his conviction https://t.co/jS6ETEG4lC @AlisonFrankel https://t.co/tPjrXaCvAy
“FTX customers shouldered ‘extraordinary’ costs in Bankman-Fried conviction, law profs argue”: Alison Frankel’s “On the Case” from Reuters has this post. https://t.co/fpT6c84qkd
FTX customers shouldered ‘extraordinary’ costs in Bankman-Fried conviction, law profs argue https://t.co/M0utg5LCFb https://t.co/3Yp3gWF7VC