FTX creditors have voluntarily withdrawn a class action lawsuit filed against US law firm Sullivan & Cromwell (S&C). On February 16, a group of FTX creditors sued the law firm, alleging that it played a role in FTX's multi-billion dollar fraud and benefited financially from it. The lawsuit seeks damages for civil conspiracy, aiding and abetting breach of fiduciary duty, and aiding and abetting fraud. S&C served as an external advisor to FTX on many of its transactions and was responsible for overseeing FTX's bankruptcy proceedings.

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