FTX creditor committee hires Paul Hastings LLP for bankruptcy proceedings: Report

After taking pitches from many law firms, the nine-member committee representing unsecured creditors of the disgraced crypto exchange FTX has decided on a legal adviser, the Wall Street Journal reported on Dec. 21.  Global law firm Paul Hastings LLP was hired to look after the interests of unsecured creditors in the bankruptcy case, including millions of FTX’s customers. According to sources from the newspaper, a process to select a financial adviser is also underway. The committee of FTX creditors was appointed on Dec. 16 by the U.S. Justice Department. Its members include companies in the cryptocurrency sector, such as Pulsar

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Author: NixCoin