Investors in bust crypto firm FTX sue its former lawyers

Sam Bankman-Fried. Photo: Getty images

Justin Wise

FTX investors sued Sullivan & Cromwell, accusing the law firm of aiding illicit schemes that helped advance a multi-billion dollar fraud before the crypto exchange's collapse.

Sullivan & Cromwell's services "went well beyond those a law firm should and ordinarily provides", the investor complaint said. "Lawyers were eager to craft not only creative but misleading strategies that furthered FTX's misconduct."