FTX Lawyers Must Show They Have No Conflicts, US Trustee Argues

The law firm overseeing the FTX bankruptcy should be fired unless it gives more information about potential conflicts of interest to the US Trustee, lawyers for the agency said in a court filing.

• Sullivan & Cromwell should also be blocked from investigating any part of the FTX collapse that a court-appointed examiner may probe, if one is eventually appointed, the US Trustee argued
  • The US Trustee has asked the judge overseeing the FTX bankruptcy to approve an examiner to investigate the crypto company’s failure
• An FTX creditor has accused Sullivan & Cromwell of having a conflict of interest in the ...