The lawyers overseeing the FTX bankruptcy are profiting tremendously - but are they also covering up their own culpability in the collapse? Today on the show we're shedding some light on the corruption that helps explain how in the world Sullivan and Cromwell is the Law firm that has been allowed to shepherd, steward, run, control the FTX bankruptcy process. Full paper by law professors Jonathan Lipson + David Skeel: https://papers.ssrn.com/sol3/papers.c... 0:00 - Intro 2:40 - Background on why Sullivan & Cromwell shouldn't run the FTX Bankruptcy 4:50 - LedgerX, an important part of the story 7:38 - Email from SullCrom to the CFTC 11:26 - SullCrom Knew What FTX Was Doing - Whistleblower 14:19 - The Only FTX Subsidiary NOT Put into Bankruptcy 17:25 - LedgerX' Application to CFTC is Revoked on Nov 11 18:56 - So WHY Has SullCrom Been Allowed to Stay on as the FTX Attorneys? 20:23 - SullCrom Enters an Agreement w/ DOJ 22:19 - FTX Customers Pay for SullCrom to work w/ DOJ 23:37 - FTX Bankruptcy Trustee Works for DOJ w/ Prosecution 29:02 - Who Gets Screwed?