The judge who heard the bankruptcy of FTX Group refused to serve on a different legal elite team to deal with the bankruptcy login password trading center based on the prosecution mentioned in Chapter 11 of the bankruptcy law; the judge ruled that the last-minute criticism of the teacher was only "rumor". Judge Robert T Dorsey (John T.Dorsey) issued the ruling on Friday morning, although there has been a recent controversy over the probability of a potential transfer of interest in the case of the powerful lawyer.

Sullivan and Cromwell received an emerald green data signal

Two debtors of FTX sued Sullivan&Cromwell legal Affairs for a transfer of interest in this matter because a former partner of the company served as an important internal structure advisor for FTX. The debtor was represented by a law firm that sued Rob Bankman-fried, founder of FTX, and other company leaders.

At a hearing in Wilmington, Delaware, Dorsey was quoted as saying:

We can't do without all the evidence related to specific contradictions. At any time, I will not allow this document to be submitted to direct evidence.

On Thursday afternoon, Dan Fried Herbert, a senior FTX compliance official who was involved in the 2008 final chip poker disaster, issued a last-minute affidavit to Sullivan&Cromwell. It has always meant that J.Hoda, the bailiff of FTX creditors, submitted a request to Dorsey to allow Fred Herbert to testify under Zoom Call. The judge said that the witness must appear in court in person, so the request could not be granted.

For additional information, please refer to:Query the top ten breach loan platforms in 2023

The rumor has calmed down

According to the documents filed with the court, FTX paid Sullivan&Cromwell $8.5 million in exchange for the services of these people in 20 separate cases. Sullivan&Cromwell is a law firm, and Ryan Steiger, general counsel of FTX, and Tim Wilson, a FTX mentor, have worked on this in the past. Steiger is a partner in Sullivan&Cromwell, and Wilson is a partner there. Sullivan&Cromwell has announced that it will not be easy to investigate everything that involves the law firm or all its former partners or partners; this, in turn, will hand the research over to another law firm.

In important Chapter 11 bankruptcy cases involving FTX, judges rarely remove law firms from the case unless you have conclusive evidence that the person involved is difficult to resolve the most direct transfer of benefits. At one point, FTX was worth $32 billion, but its total market capitalization plummeted due to liquidity shortages, and founder Rob Bankman-Fried was tested for fraud in another case.