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FTX lawyers say they tipped off prosecutors over alleged misconduct at crypto firm

Law firm Sullivan & Cromwell said its tips were critical to the speed with which prosecutors charged and arrested Sam Bankman-Fried

The law firm guiding FTX in bankruptcy said it gave information to federal prosecutors about alleged misconduct at the cryptocurrency exchange that aided in bringing charges against former chief executive Sam Bankman-Fried and other executives.

Sullivan & Cromwell said in a filing on 17 January in the US Bankruptcy Court in Wilmington, that it provided substantial information to federal prosecutors before the company’s Chapter 11 filing in early November, as well as to the US Securities and Exchange Commission and US Commodity Futures Trading Commission.

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