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 FTX creditors sue bankruptcy law firm SampC alleging fraud involvement

FTX creditors sue bankruptcy law firm SampC alleging fraud involvement


Published: 2024-02-18


1. FTX creditors sue Sullivan & Cromwell alleging fraud involvement: The main focus of the article is the lawsuit filed by creditors of FTX against the law firm Sullivan & Cromwell,alleging fraud and misrepresentation in the course of their dealings. The creditors claim that Sullivan & Cromwell failed to disclose conflicts of interest and provided insufficient legal advice,leading to financial losses. The lawsuit highlights the importance of transparency and ethical conduct within the legal profession.

2. Implications for the crypto industry: This case has significant implications for the cryptocurrency industry,as it sheds light on the potential legal risks and challenges faced by companies operating in this space. The lawsuit against Sullivan & Cromwell could set a precedent for how legal services are conducted in the crypto sector,and may encourage greater scrutiny of legal practices in order to protect investors and stakeholders.

3. Importance of due diligence in legal representation: The article underscores the importance of conducting thorough due diligence when selecting legal representation,especially in the complex and rapidly evolving landscape of cryptocurrency and blockchain technology. Companies and individuals involved in the crypto industry should carefully vet their legal advisors to ensure trust,competence,and ethical standards are met to avoid potential legal pitfalls and financial losses.


Reference: cointelegraph.com

The most traded coin


(Update every 1 hour)
at from is ($US) turnover ($)
1 ARS title=ARS 1,290.30 2,421,340,711.80
2 BTC title=BTC 69,448.56 1,574,705,100.20
3 ETH title=ETH 3,686.50 1,171,558,416.99
4 COP title=COP 3,882.00 879,850,145.00
5 PEPE title=PEPE <0.01 584,336,131.07
6 SOL title=SOL 160.09 557,658,868.89
7 WIF title=WIF 2.73 259,519,109.02
8 DOGE title=DOGE 0.15 239,723,492.30
9 PEOPLE title=PEOPLE 0.13 211,192,215.77
10 XRP title=XRP 0.49 201,646,521.26
11 FLOKI title=FLOKI <0.01 188,815,218.77
12 ORDI title=ORDI 61.52 187,521,469.43
13 BOME title=BOME 0.01 168,857,502.43
14 HIGH title=HIGH 6.05 143,061,283.74
15 FIL title=FIL 6.12 139,992,683.77
16 INJ title=INJ 28.39 131,625,258.18
17 BONK title=BONK <0.01 128,245,504.28
18 WLD title=WLD 4.26 114,655,698.09
19 JASMY title=JASMY 0.04 106,118,447.37
20 SUI title=SUI 1.13 96,320,950.85
21 RNDR title=RNDR 9.18 90,790,559.78
22 AVAX title=AVAX 32.50 90,659,568.60
23 NEAR title=NEAR 6.59 89,638,619.48
24 ENA title=ENA 0.85 88,797,296.65
25 OP title=OP 2.18 81,180,664.16
26 ADA title=ADA 0.44 75,498,552.76
27 GALA title=GALA 0.04 69,513,633.56

Coins with rapidly rising prices


(Update every 1 minute)
at from is ($US) more (%)
1 ConstitutionDAO title=PEOPLE 0.13 +14.33
2 Atletico Madrid Fan Token title=ATM 3.42 +12.21
3 Bluzelle title=BLZ 0.26 +7.84
4 Dusk title=DUSK 0.45 +6.65
5 Wing Finance title=WING 7.74 +5.74
6 TrueFi title=TRU 0.20 +3.23
7 Cream title=CREAM 80.59 +1.37
8 Biconomy title=BICO 0.57 +0.82
9 MANTRA title=OM 0.91 +0.58
10 Bounce title=AUCTION 21.15 +0.57
11 OMG Network title=OMG 0.45 +0.45
12 Moonriver title=MOVR 16.41 +0.35

The price of coins is falling rapidly.


(Update every 1 minute)
at from is ($US) reduce (%)
1 Highstreet title=HIGH 6.05 -27.12
2 Fusionist title=ACE 5.14 -16.05
3 Neutron title=NTRN 0.66 -15.77
4 Atlas Aggregator title=ATA 0.16 -15.60
5 Stella title=ALPHA 0.11 -15.52
6 UMA title=UMA 3.06 -15.41
7 Aevo title=AEVO 0.81 -15.35
8 Celer Network title=CELR 0.02 -15.01
9 NFPrompt title=NFP 0.46 -14.67
10 Zen title=ZEN 8.01 -14.51
11 NKN title=NKN 0.11 -14.48
12 Flamingo Finance title=FLM 0.09 -14.27
13 COTI title=COTI 0.12 -14.22
14 IoTeX title=IOTX 0.05 -13.97
15 Ampleforth Governance title=FORTH 4.02 -13.92
16 Syscoin title=SYS 0.17 -13.91
17 WOO title=WOO 0.30 -13.89
18 RSK Infrastructure Framework title=RIF 0.15 -13.88
19 Frax Share title=FXS 4.27 -13.73
20 DIA title=DIA 0.44 -13.73
21 Reef title=REEF <0.01 -13.65
22 Mina Protocol title=MINA 0.76 -13.62
23 Conflux title=CFX 0.20 -13.61
24 Pixels title=PIXEL 0.42 -13.48
25 Dock title=DOCK 0.03 -13.45
26 1000SATS (Ordinals) title=1000SATS <0.01 -13.44
27 Bella Protocol title=BEL 0.84 -13.39
28 Coin98 title=C98 0.24 -13.38
29 Ontology Gas title=ONG 0.37 -13.34
30 Enjin Coin title=ENJ 0.25 -13.30

Bitcoin's Greed and Fear Index.

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72
Greed

Global CryptoCurrency News

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(See more news ...)
at news date
1 BTC price settles at 69K after dip wipes 13B Bitcoin open interest 2024-06-08
2 Bitcoin return to 71K would wipe 138B shorts 2024-06-08
3 Crypto enthusiasts warn against naira trade ban on exchanges 2024-06-08
4 ZkSyncs Gemholic project suspected 35M rug pull 2024-06-08
5 DeFi TVL reaches 192B for first time in 15 months DappRadar 2024-06-08
6 Bitcoin network transaction fees temporarily soar to nearly 52 2024-06-08
7 Are Bitcoin traders losing hope Top traders metric hits two week low 2024-06-08
8 Ethereum governance and the downfall of celeb tokens Finance Redefined 2024-06-08
9 GameStop039s Roaring Kitty posts first livestream in 3 years price reacts 2024-06-08
10 Crypto Biz ARK drops bid for spot Ether ETF miners adapt after halving and more 2024-06-08
11 Impact of shifting SEC policy on ETH yet to be seen Consensys SC 2024-06-08
12 New York Stock Exchange backed Bakkt considers sale Report 2024-06-08
13 Crypto market tumble seen as quick shakeout traders expect 039bullish039 rebound 2024-06-08
14 Crypto hacks increase in 2024 but smart contracts are not to blame 2024-06-07
15 Solana memecoin 039GME039 explodes 150 ahead of Keith Gill039s YouTube return 2024-06-07
16 CoinGecko confirms email provider data breach over 23000 phishing emails sent 2024-06-07
17 Sky Mavis recovers 57M from Ronin Bridge hack 2024-06-07
18 Can Bitcoin close above 70K amid a strong labor market 2024-06-07
19 Zilliqa 20 upgrade enhances speed and cross chain compatibility 2024-06-07
20 US elections are a huge variable for Solana ETF approval 2024-06-07
21 BTC price dips 18 as Bitcoin tackles schizophrenic new US jobs data 2024-06-07
22 Peru adopts India039s UPI system to boost financial inclusion 2024-06-07
23 US Treasury AI brings huge opportunities risks to financial stability 2024-06-07
24 NY Attorney General sues crypto trader NovaTech claims 1B fraud 2024-06-07
25 Bybit opens registration to Chinese nationals overseas 2024-06-07
26 FTX creditors object to bankruptcy reorganization plan 2024-06-07
27 NY Attorney charges 3 tied to 039Evolved Apes039 NFT scam 2024-06-07
28 Ethereum ETF launch date depends on issuers not SEC Gensler 2024-06-07
29 Hulk Hogan denies memecoin shilling posts on X not from me 2024-06-07
30 Telegram launches in app currency Stars for digital purchases 2024-06-07
31 Big shorters are betting 69B against MicroStrategy stocks 2024-06-07
32 Semler Scientific now holds 828 Bitcoin and has 150M plan to buy more 2024-06-07
33 Developer posts secret key on GitHub loses 40K in 2 minutes 2024-06-06
34 Binance reinstates crypto buys via Mastercard 2024-06-06
35 BTC price needs to hold 70K next as Bitcoin weathers ECB rate cut 2024-06-06
36 Startups can hedge bank risk with Bitcoin Tim Draper 2024-06-06
37 Longevity expert AI will help us become biologically immortal from 2030 2024-06-06
38 Bitcoin Wyckoff pattern eyes 85K but BTC price must close the week above this level first 2024-06-06
39 Will Bitcoin fall below 70K after 22B options expiry 2024-06-06
40 Unstoppable Domains to apply for blockchain domain registration 2024-06-06
41 Roger Ver posts bail in Spain faces extradition to the US 2024-06-06
42 Nvidia briefly passes Apple as worlds most valuable company 2024-06-06
43 General election could delay crypto regulation by months CryptoUK 2024-06-06
44 3 reasons why Bitcoin failed to break above 72K 2024-06-06
45 Paxos International to issue regulated interest paying stablecoin 2024-06-06
46 Zone launches PoS gateway with instant settlements 2024-06-06
47 039Stand with Crypto039 PAC hits 1 million advocates 2024-06-06
48 Public blockchains too fragile for tokenization Professor tells Congress 2024-06-06
49 Riot Platforms bounces after damning report claiming collapse 2024-06-06
50 100 Bitcoin long term hodlers are now in profit as BTC crosses 71K 2024-06-06

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