Sullivan & Cromwell Accused Of Aiding FTX Fraud

By Ryan Boysen · February 20, 2024, 4:52 PM EST

Sullivan & Cromwell LLP has been accused of knowing about and helping facilitate the massive fraud that brought down cryptocurrency exchange FTX while serving as FTX's outside counsel, and profiting on...

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Bankruptcy Scorecard

Summary

Cryptocurrency exchange FTX filed for Chapter 11 on Nov. 11, 2022, after a rapid collapse in value.

Case Number

1:22-bk-11068

Judge

John Dorsey

Venue

U.S. Bankruptcy Court for the District of Delaware

Capital Structure

Total Liabilities:

Total liabilities are still to be determined, as a full plan has yet to be filed and FTX's tax liability is still being resolved. The IRS has filed a claim for $8 billion.

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Documents

Related Sections

Case Information

Case Title

Garrison et al v. Sullivan & Cromwell LLP

Case Number

1:24-cv-20630

Court

Florida Southern

Nature of Suit

Other Fraud

Date Filed

February 16, 2024

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