FTX U.S. channeled business to S&C, alleges former Chief Regulatory Officer

Former FTX legal counsel accused the firm’s U.S. general counsel of channeling business to S&C.Chief Regulatory Officer Daniel Friedberg has accused the firm’s U.S. general counsel of channeling business to Sullivan & Cromwell , who were allegedly serving as FTX’s bankruptcy counsel.

Friedberg claimed that FTX. U.S. lead counsel Ryne Miller, a former partner at S&C, directed business to his former law firm in several cases. As per the filing, Friedberg reminded Miller that his allegiance was to the debtor, not to the S&C — which he suggested continued to be a problem throughout his stint at the exchange.“Mr.

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