According to The Block, New York law firm Sullivan & Cromwell (S&C) will be under review at a bankruptcy hearing this Friday due to objections from the U.S. trustee overseeing FTX’s bankruptcy proceedings and some FTX clients, facing whether it can Representation of FTX debtors in FTX bankruptcy. Court documents show that FTX was never a regular client of S&C, but the firm did advise FTX on 20 specific matters. FTX also paid S&C $8.5 million to deal with issues such as the acquisition of LedgerX, the bankruptcy of crypto lending platform Voyager, and regulatory issues surrounding the Terra Luna debacle.