Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»BLOCKCHAIN NEWS»FTX Bankruptcy Legal Costs Hit $118.1 Million in 3 Months
BLOCKCHAIN NEWS

FTX Bankruptcy Legal Costs Hit $118.1 Million in 3 Months

By Crypto FlexsDecember 19, 20232 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
FTX Bankruptcy Legal Costs Hit 8.1 Million in 3 Months
Share
Facebook Twitter LinkedIn Pinterest Email

FTX, once a prominent figure in the cryptocurrency exchange market, is embroiled in a costly bankruptcy lawsuit. From August 1 to October 31, legal fees billed by bankruptcy attorneys and advisors handling FTX cases jumped to a whopping $118.1 million.​​​ This amount averages out to about $53,300 per hour, or The ratio reflects the complex nature of the proceedings and the high-profile status of the FTX case.

Management consulting firm Alvarez and Marshall emerged as the top biller in this scenario, billing a whopping $35.8 million for its services over three months. Close behind was global law firm Sullivan & Cromwell, which filed a claim of $31.8 million. These figures highlight the intensity and scope of the legal and management consulting efforts required to resolve the complex issues surrounding the FTX bankruptcy.

Exorbitant legal costs are not just an isolated problem. They have a broader meaning. For example, costs incurred for other professional services related to forensic investigations were also significant, billing AlixPartners alone at $13.3 million per year.​​ These exorbitant fees have a significant impact on the availability of funds to repay creditors and the impact on FTX’s overall financial recovery process. raises concerns about

FTX’s bankruptcy resulted in very high legal and advisory fees totaling $118.1 million from August to October, or an average of $53,300 per hour. Alvarez and Marshall topped the bill, highlighting the costly and complex nature of this high-profile bankruptcy proceeding.

Image source: Shutterstock

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

TEZOS unveils uranium token shoes in consensus 2025.

June 2, 2025

Bitmex finds a cyber security lab in the North Korean hacker group.

June 1, 2025

TRON Analysts predicts the following $ 0.30 rally, Unilabs Crosses Doge Volume.

June 1, 2025
Add A Comment

Comments are closed.

Recent Posts

Australia will maintain the Crypto ATM rules to determine the rules to fight fraud.

June 3, 2025

ROBINHOOD concludes the argument of BitStamp to $ 2B

June 3, 2025

NVIDIA unveils AI blueprints to carefully deal with credit card fraud.

June 3, 2025

Bitcoin mining revolution with free cloud mining and sustainable technology

June 3, 2025

The Riot platform appoints Jonathan Gibbs as the chief data center manager.

June 3, 2025

OTC encryption transaction | Careful gateway to direct digital asset exchange

June 3, 2025

Monarq Asset Management announced a strategic investment in Falconx.

June 3, 2025

ASTAR’s ACS campaign is finished with significant ecosystems.

June 3, 2025

Currently Altcoin Bear Cycle is the longest -what is the next?

June 3, 2025

AI influence exploration: The necessity of human verification in the digital world

June 3, 2025

Bitcoin vs Altcoins-Check for the new ALT season.

June 2, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Australia will maintain the Crypto ATM rules to determine the rules to fight fraud.

June 3, 2025

ROBINHOOD concludes the argument of BitStamp to $ 2B

June 3, 2025

NVIDIA unveils AI blueprints to carefully deal with credit card fraud.

June 3, 2025
Most Popular

Binance Launches Custom Dual Investments with Additional 10% APR Incentives

September 18, 2024

Bitcoin Price Rising Restarts: Is the Rebound Restarting?

October 14, 2024

Dogecoin founder says DAOs are ‘universally stupid and doomed’ Here’s why:

November 30, 2023
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.