James Bromley, one of the lawyers representing the debtors in the FTX bankruptcy case, criticized the social media activity against his law firm announced through former CEO Sam Bankman-Fried.
In court on January 20 in Delaware County, attorneys spoke on motions to deal with conflicts of interest between Sullivan & Cromwell, the law firm that conducted the FTX bankruptcy investigation, and the crypto exchange. Bromley, a partner at Sullivan & Cromwell, disputed the claim that the law firm would not be able to act as a disinterested investigator because he had previously provided legal services to FTX and was one his former partner, Ryne Miller, continued to be. the FTX US lead consultant.
On January 19, the former CEO of FTX Daniel Friedberg file an affidavit with the court said Miller wanted to take business to Sullivan & Cromwell, saying he wanted to become a partner with the firm after the bankruptcy case. Bromley argued in court that if the judge grants a stay based on these allegations, the creditors will face “additional attacks on Twitter” and similar files that could lead to late
Friedberg signed the bankruptcy filing, but was not allowed to speak because he did not appear in court. The judge’s decision that there was no conflict of interest could be sufficient to prevent Sullivan & Cromwell from continuing to act as the debtor’s attorney.
“One of the things that creditors deal with on a regular basis is being attacked by Twitter,” Bromley said. “It is very difficult, your honor, to analyze a tweet, especially tweets sent by individuals who are under criminal sanctions and whose travel is prohibited.”
Target: US lawmakers call on court to approve ‘independent probe’ into FTX bankruptcy case
Bromley later suggested Friedberg and Bankman-Fried were using social media to “throw stones” at debtors for providing information to authorities, with the confession coming “hot on the heels of the two tweets are too long and boring” from SBF. He also noted that Bankman-Fried was “fast on the web” at respond to a report where CEO John Ray spoke about the payment of FTX’s debts and he criticized the information that is expected to provide transparency for creditors.
“Mr. Bankman-Fried is behind all this, and whenever we move this, wherever we move it, I have in my mind the absolute certainty that he will try to do it. something to disturb. It’s pouring out.”
At the time of the announcement, Bankman-Fried did not reveal the decision, but retweet speculation from others that Sullivan & Cromwell will continue to represent FTX’s debtors.