The law firm Sullivan & Cromwell is expected to be appointed as the independent monitor for Binance

ChainCatcher news, according to Bloomberg, after Binance reached a multi-billion dollar settlement with the U.S. government, the New York law firm Sullivan & Cromwell is expected to be appointed as the independent monitor for Binance Holdings Ltd. According to sources familiar with the selection process, this firm is the leading contender for the monitor position and is likely to outpace numerous lawyers and consultants vying for this lucrative oversight role. A source who wished to remain anonymous stated that former federal prosecutor and firm partner Sharon Cohen Levin is likely to lead the monitoring team.

It is reported that the law firm Sullivan & Cromwell previously handled the FTX bankruptcy matters.