FTX Faces Legal Reckoning as Bankruptcy and Fraud Cases Proceed

• FTX filed for bankruptcy after collapsing over 10 days in Nov 2022 amid allegations of fraud and embezzlement by its CEO Sam Bankman-Fried

• Bankman-Fried faces up to 100 years in prison at his sentencing this week for fraud and conspiracy charges

• FTX's bankruptcy proceedings are contentious with disputes over returning crypto assets vs dollars and the handling of assets sales

• FTX donated millions to political causes and nonprofits, some of which have been returned amid the fallout

• Academics have raised conflict of interest questions about FTX's law firm Sullivan & Cromwell's ties to Bankman-Fried