Sam Bankman-Fried Says FTX’s Law Firm Pushed for Bankruptcy

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Sam Bankman-Fried Says FTX’s Law Firm Pushed for Bankruptcy
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FTX founder Sam Bankman-Fried said in planned congressional testimony that the law firm representing the cryptocurrency exchange pressured him to seek chapter 11 bankruptcy protection for the company

In a transcript of the undelivered testimony, Mr.

Bankman-Fried described a pressure campaign by FTX general counsel Ryne Miller and Sullivan & Cromwell lawyers to try to convince him to file for bankruptcy as the exchange was collapsing, including calling friends, family members and co-workers to get them to try to persuade him to file.

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