DOJ Opposes Law Firm Tasked With FTX Investigation for Conflict of Interest

The US Department of Justice has opposed FTX hiring Sullivan & Cromwell, the law firm currently tasked with the exchange’s investigation, citing potential conflicts of interest.  
In a recent legal filing, the US Trustee said it is objecting to the FTX decision due to two “overarching” reasons. In the first place, the law firm’s disclosures are not wholly sufficient to “evaluate whether S&C satisfies the Bankruptcy Code’s conflict-free and disinterestedness standards,” the DOJ said….
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