HomeUncategorizedFTX’s bankruptcy lawyers and advisors pocket $32.5M in February By Cointelegraph

FTX’s bankruptcy lawyers and advisors pocket $32.5M in February By Cointelegraph

April 11, 2023

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February’s round of legal expenses for bankrupt crypto exchange FTX has been published and it remains a scary figure for debtors.

A series of court filings from April 4 to April 10 detailed the monthly fee statements for February of the law firms involved with FTX’s bankruptcy proceedings which come to a combined total of around $32.5 million.

John J Ray III’s expenses and hourly billings for the month of March. Source: Kroll
A 167-page fee statement from Quinn Emanuel Urquhart & Sullivan outlined that its largest billing was for “investigation.” Source: Kroll
Sullivan and Cromwell’s employees collectively spent over 12,000 hours working on FTX in February. Source: Kroll