Bankrupt crypto exchange FTX filed a Jan. 17 response — authored by Sullivan & Cromwell (S&C) lawyers — to the objections surrounding its retention of the law firm as an advisor.

FTX said the law firm’s role at the bankrupt exchange was of “critical importance,” citing how its information sharing with U.S. prosecutors and regulators led to the charge and arrest of Sam Bankman-Fried (SBF) and his accomplices.

According to the filing, claims that S&C’s previous advisory role with the exchange could lead to a potential conflict of interest were false as it has performed a conflicts check procedure that showed it was a “disinterested person” in the case.

(By Oluwapelumi Adejumo)