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Cryptocurrencies: 29429
Markets: 111487
Market Cap: $2,198,228,914,510     
24h Vol: $47,543,122,091
cryptonews 2023-01-14 16:25:00

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

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.... Read More: DOJ Opposes Law Firm Tasked With FTX Investigation for Conflict of Interest
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