FTX's bankruptcy law firm Sullivan and Cromwell LLP is coming under a microscope amid allegations of potential conflicts of interest and bad ethics.

S&C used "deceptive tactics" to get control of FTX from its former CEO Sam Bankman-Fried, said Temple University law professor Jonathan Lipson and University of Pennsylvania law professor David Skeel, in a paper published last week titled "FTX'd: Conflicting Public and Private Interest in Chapter 11."

"This Article has shown that, in relinquishing control of his companies at the behest of lawyers who appear to have been motivated by their own concerns, he was also 'FTX’d up,''' the professors said in the paper. "While we do not challenge the jury’s verdict or the company’s need to use chapter 11, we worry about BigLaw attorneys who …