Law Firms Amass Wealth from High-profile Crypto Bankruptcies
Prominent law firms Sullivan and Cromwell and Kirkland and Ellis have accumulated fees exceeding $700 million from noteworthy cryptocurrency bankruptcy cases. Sam Bankman-Fried’s FTX Trading Ltd, Genesis Global Capital, BlockFi, Celsius, and Voyager Digital are notable entities that have declared bankruptcy in recent years. These high-profile bankruptcy cases have become a lucrative opportunity for Sullivan […]
Law firms serve hacker with NFT restraining order
A nonfungible token (NFT) was used by law firms Holland & Knight and Bluestone to serve a defendant in a hacking case with a temporary restraining order, marking the first known legal process aided by an NFT. The so-called “service token” or “service NFT” was served to an unknown defendant in a hacking case involving […]