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New FTX CEO

Objections Raised Over Appointment of Sullivan & Cromwell as Debtors’ Counsel for FTX

<div>Objections Raised Over Appointment of Sullivan & Cromwell as Debtors’ Counsel for FTX</div>On Friday, bankruptcy judge John Dorsey approved the law firm Sullivan & Cromwell (S&C) to be appointed as the debtors’ counsel for FTX, despite an objection from Daniel Friedberg, a former FTX US compliance officer. During a Zoom presentation, Friedberg claimed there was a conflict of interest between former and current FTX executives and FTX […]

Arthur Hayes-Backed Ethena Labs Reveals Plans To Build Telegram-Based Payments and Savings Tool

Bankruptcy Lawyers Say FTX Was Operated by ‘Inexperienced and Unsophisticated Individuals’

Bankruptcy Lawyers Say FTX Was Operated by ‘Inexperienced and Unsophisticated Individuals’On Tuesday, the attorneys representing FTX told the court that a “substantial amount of assets have either been stolen or are missing” and further stressed to the bankruptcy court that FTX executives left the lawyers James Bromley and Sullivan Cromwell with limited information. Bromley further likened the former FTX CEO Sam Bankman-Fried’s (SBF) crypto empire […]

Arthur Hayes-Backed Ethena Labs Reveals Plans To Build Telegram-Based Payments and Savings Tool