The litigation costs of the bankrupt cryptocurrency exchange FTX have been announced.
Lawyers for bankrupt FTX billed the company for $30 million in February. It is a matter of curiosity whether FTX will be able to pay this bill.
FTX’s Fees for Lawyers in February Shocked
While the litigation process of the bankrupt cryptocurrency exchange FTX continues, the lawyer’s expenses for February became clear. FTX’s February lawyer bills came in lower than in January. The legal fees of the bankrupt cryptocurrency exchange in February were set at $ 30 million.
Bankrupt crypto exchange FTX was billed more than $30 million monthly from lawyers and advisors in February, according to new compensation reports filed in bankruptcy court.
FTX collected legal bills from half a dozen companies in February. The exchange received services from law firms Sullivan & Cromwell and Landis Rath & Cobb, management consulting firm AlixPartners, financial services firm Perella Weinberg Partners, consulting firm Alvarez & Marsal North America, and FTX CEO John Ray III’s Owl Hill Advisory.
Overall, six firms reported more than 35,400 hours of work for FTX in February, according to their statement.
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