FTX Advisor Fees Totaled $122M From February to April
FTX's advisors have reported that legal and advisory costs for the bankrupt crypto exchange totaled $121.8 million between February 1 and April 30. Sullivan & Cromwell lawyers billed the highest amount at $37.6 million, while restructuring consultants Alvarez and Marsel charged $37 million. A movement to reboot the exchange under new leadership is being led by crypto personality Loomdart, with FTI Consulting spending 686.8 hours and billing fees of $761,997.70 on a workstream titled "Exchange restart".
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FTX Advisor Fees Totaled $122M From February to April
FTX's advisors have reported that legal and advisory costs for the bankrupt crypto exchange totaled $121.8 million between February 1 and April 30. Sullivan & Cromwell lawyers billed the highest amount at $37.6 million, while restructuring consultants Alvarez and Marsel charged $37 million. A movement to reboot the exchange under new leadership is being led by crypto personality Loomdart, with FTI Consulting spending 686.8 hours and billing fees of $761,997.70 on a workstream titled "Exchange restart".