According to BlockBeats, on October 10, FTX creditors voluntarily withdrew the class action lawsuit filed against the US law firm Sullivan & Cromwell (S&C).
On Feb. 16, a group of FTX creditors sued the law firm, alleging that it played a role in and benefited financially from FTXâs multibillion-dollar fraud. The lawsuit seeks damages for civil conspiracy, aiding and abetting breach of fiduciary duty, and aiding and abetting fraud.
S&C served as external advisor on several of FTX's transactions and was responsible for overseeing FTX's bankruptcy proceedings. (Cointelegraph)