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FTX investors end lawsuit targeting Sullivan & Cromwell
10.10.2024
The Moskowitz Law Firm, the lead plaintiffs’ counsel, said that it had dismissed Sullivan & Cromwell voluntarily and that no settlement was associated with the dismissal.
FTX investors end lawsuit targeting Sullivan & Cromwell
10.10.2024
The Moskowitz Law Firm, the lead plaintiffs’ counsel, said that it had dismissed Sullivan & Cromwell voluntarily and that no settlement was associated with the dismissal.
Crypto bankruptcies net law firms $751M in fees
30.8.2024
Four law firms collectively earned $484 million from their work on the crypto bankruptcies, representing 64% of all fees requested and received in these cases
MrBeast Calls For 'Full Assessment' Of Company Culture After Recent Allegations
9.8.2024
The biggest name in online content creation, Jimmy “MrBeast” Donaldson, is in damage control mode after a series of alleged scandals have threatened to derail his algorithmically optimized YouTube brand. He recently promised employees a full investigation into his company’s culture and recent...
FTX class action lawyers move to block Sullivan & Cromwell’s dismissal motion
30.7.2024
Lawyers for FTX class action are challenging Sullivan & Cromwell’s dismissal request, claiming the law firm facilitated FTX’s fraudulent activities
Legal fees skyrocket in high-profile crypto bankruptcies
31.5.2024
High-profile bankruptcy cases have become a lucrative goldmine for two major law firms involved in the legal proceedings: Sullivan and Cromwell and Kirkland and Ellis
Report: Investigation Finds No Fault With Sullivan & Cromwell in FTX Bankruptcy
26.5.2024
An investigation into the law firm Sullivan & Cromwell LLP, which worked with the now-defunct crypto exchange FTX, revealed that the firm was neither involved in the fraud nor aware of the financial troubles that plagued the collapsed trading platform. Sullivan & Cromwell Cleared...
US Justice Department Chooses FRA Over Sullivan & Cromwell for Binance Oversight
11.5.2024
The Justice Department has designated Forensic Risk Alliance (FRA) as the external monitor for Binance Holdings Ltd. This decision comes in the wake of Binance’s acknowledgment of breaching U.S. anti-money laundering regulations and sanctions. Bloomberg’s Ava Benny-Morison and Chris Strohm...
Binance to be under FRA surveillance for next 3 years: Report
11.5.2024
International consultancy firm Forensic Risk Alliance will reportedly closely oversee all compliance activities of cryptocurrency exchange Binance
DOJ Said to Snub Sullivan & Cromwell, Appoint Competitor to Coveted Binance Monitorship: Bloomberg
10.5.2024
The Department of Justice (DOJ) has chosen a London-based consulting firm for a coveted three-year monitorship of Binance, according to a Friday report from Bloomberg citing anonymous sources
Bankruptcy law firm S&C absolved from misconduct according to new FTX proposal
8.5.2024
FTX’s amended plan contains an exculpation clause that could absolve Sullivan & Cromwell, along with all debtors, of future liabilities
Michael Sullivan predicts Bitcoin to reach $245,000 in 5 years
23.4.2024
In a recent post on X, leading financial expert Michael R Sullivan predicted that Bitcoin’s price would soar to a whopping $245,000 in the next five years. Ten years from now, it will be worth $909,000; by 2039, the value of every coin in circulation will reach an incredible $3.37 million....
Core Scientific Set to Boost Texas Mining Facility by 72 MW Ahead of Bitcoin Halving
16.4.2024
With just over three days remaining until the halving, Core Scientific has announced its plans to enhance its Texas mining facility by an additional 72 megawatts. This project is scheduled for completion by the end of the second quarter of 2024. This expansion aims to augment the company’s...
Core Scientific CEO Discusses Bitcoin Halving’s Impact on Mining
9.4.2024
Adam Sullivan, CEO of Core Scientific, shares his insights on implications of the upcoming Bitcoin halving, sheds light on the future of the mining industry and crypto market.
The post Core Scientific CEO Discusses Bitcoin Halving’s Impact on Mining appeared first on Cryptonews
Unabomber Prosecutor to Conduct FTX Probe Into Law Firm Sullivan and Cromwell’s “Conflicts of Interest”
22.3.2024
Unabomber prosecutor Robert J. Cleary has been approved by a U.S. bankruptcy judge to probe law firm Sullivan and Cromwell’s potential conflicts of interests in relation to FTX. Cleary's appointment marks a significant shift into the collapse of FTX following over a year of calls for an appointment...
New Research Paper Sheds Light on Alleged Conflicts of Interest in FTX’s Chapter 11 Filing
22.3.2024
A recent research paper on SSRN by legal scholars scrutinizes the ethical quandaries and potential conflicts of interest surrounding Sullivan & Cromwell LLP’s involvement in FTX’s Chapter 11 bankruptcy filing. Study Highlights Legal Ethics From FTX Bankruptcy Proceedings The SSRN...
FTX Investors Sue Law Firm Sullivan and Cromwell For Involvement in Crypto Fraud
21.2.2024
A class action lawsuit by investors of FTX is being brought against law firm Sullivan and Cromwell for its involvement in the $8 billion fraud, a February 16 Miami court filing revealed.
The post FTX Investors Sue Law Firm Sullivan and Cromwell For Involvement in Crypto Fraud appeared first...
FTX’s Legal Labyrinth: S&C Scrutinized Over Past Ties and Fraud Claims
18.2.2024
FTX creditors have filed a class-action lawsuit against the law firm overseeing the exchange’s bankruptcy, Sullivan & Cromwell (S&C). The creditors allege that S&C actively participated in FTX Group’s multibillion-dollar fraud and benefited financially from it. According...
Law Firm Handling FTX’s Bankruptcy Case Expected to Become Binance’s Independent Monitor
16.2.2024
New York-based law firm Sullivan & Cromwell, which is currently handling FTX’s bankruptcy case, is expected to be appointed as the independent monitor for Binance Holdings. The move comes after Binance reached a multibillion-dollar settlement with the US government. As part of...
The Week's Biggest Gaming News, From E3 To Steam Deck Huffing
16.12.2023
Despite The Game Awards officially capping off the end of video game news for 2023, we’ve still got stories to share, from GTA 6 controversies to the inglorious end of E3. Here’s your cheat sheet for the week’s most important stories in gaming.Read more