As the legal quicksand around Sam Bankman-Fried and his parents deepens, the family is turning to a risky strategy: blame the lawyers. In particular, they are amplifying criticism of Sullivan & Cromwell, suggesting the white-shoe law firm betrayed its obligations to look out for the best interests of its client. The latest salvo comes in the form of a New York Times piece that has the family's fingerprints all over it. Here's a short excerpt:
"For months, Mr. Bankman-Fried has attacked Sullivan & Cromwell in court papers and on social media, arguing that the firm’s lawyers set him up as the fall guy for FTX’s implosion while downplaying their own involvement with the exchange...Criticism of Sullivan & Cromwell has become more widespread recently, as the firm has racked up over $100 million in legal fees from FTX’s bankruptcy."
