FTX Spent Over $120 Million on Advisory Fees in Just Three Months as Bankruptcy Proceedings Continue

Publikováno: 20.6.2023

The bankrupt crypto exchange FTX is facing escalating legal and advisory costs, recent filings submitted by the exchange’s bankruptcy advisors have revealed.
Judging from information in the filings, FTX's advisors billed the exchange a staggering $121.8 million in fees and expenses for the period between February 1 and April 30.
Leading the pack, law firm Sullivan & Cromwell charged FTX $37.6 million, accounting for 30.9% of the total fees and expenses....
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