Mr. Bankman-Fried and his allies have blasted Sullivan & Cromwell, the New York law firm managing FTX’s bankruptcy, for its tangled relationship with the crypto exchange.
Bankruptcy lawyers and other corporate turnaround specialists have reaped major fees from the bankruptcies of five cryptocurrency companies, including FTX.
A stock sell-off driven by a since-debunked picture underscored fears about how artificial intelligence could be used for nefarious purposes with big consequences.
The FTX founder, who has been charged with fraud, said the crypto exchange and its law firm had been acting against him and offering only the most incriminating evidence to prosecutors.