Judging Sam: Judging the FTX Bankruptcy
Against the Rules with Michael Lewis
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Unpacking the FTX Bankruptcy: Legal Intricacies and Ethical Dilemmas
This chapter explores the bankruptcy proceedings of cryptocurrency exchange FTX, emphasizing the implications for creditors and investors. A bankruptcy expert discusses the controversial decision not to appoint an examiner, the role of the law firm Sullivan and Cromwell, and the ethical concerns that arise within this context. The narrative delves into the complex relationship between legal strategies and the management of the bankruptcy, raising significant questions about transparency and fair representation.
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