Sullivan Hits Back Against FTX Investors’ ‘Dubious’ Fraud Claims

FTX law firm Sullivan & Cromwell is slamming the “dubious” claim by some of the failed crypto exchange’s investors that its lawyers were complicit in a billion-dollar fraud.

A federal lawsuit against the firm by FTX investors is based on “innuendo masquerading as facts,” Sullivan Cromwell said Monday in a court filing. Defrauded FTX customers are set to get all of their money back from the failed exchange in bankruptcy proceedings, according to the firm.

“Plaintiffs in this action, a handful of alleged FTX customers, purport to bring claims against Sullivan & Cromwell to recover the same damages for which ...