In a recent development, the Chapter 11 examiner assigned to the bankruptcy proceedings of the cryptocurrency exchange FTX Trading has concluded that the debtor law firm Sullivan & Cromwell did not overlook any “red flags” related to allegations of misconduct by FTX. This evaluation centers around the $500 million acquisition of stock in Robinhood Markets Inc., a prominent financial service and digital trading platform. For further details, the full report can be accessed on
Law360.