Bankruptcy law firm S&C absolved from misconduct, according to new FTX proposal
As a researcher with experience in the crypto industry and bankruptcy law, I find FTX’s new amended proposal raising serious concerns among creditors due to the inclusion of an exculpatory clause that potentially absolves Sullivan & Cromwell (S&C) from any liabilities. FTX’s revised plan pledged “huge sums of reparation,” but creditors have expressed dissatisfaction over … Read more