FTX Pours Hundreds of Millions into Litigation: A Shocking 3-Month Expense!

The bankrupt cryptocurrency exchange FTX caught the attention with over $100 million in payments to consultants and lawyers in just a few months.

According to documents recently compiled by The Block, FTX February 1 And 30. April between to restructuring consultants And to lawyers for his services 121.8 million dollars paid.

Famous law firm in the crypto money industry Sullivan & Cromwellto the stock market 37.6 million all your expenses by issuing dollar bills 30.9% of created. In the past FTX legal various representations within the U.S. government controversy Sullivan & Cromwell, FTX’s ability to finance in the name of A lot your investment to be sold And to withdraw provided.

Sullivan & Cromwell managing the restructuring of the company together with Alvarez & Marsel to the bankrupt stock market 37 million dollar bill. On the law firm’s bill food And accomodation expenses in total 200 thousand dollars was spent. Alvarez & Marsel, including meals and accommodation miscellaneous expenses 1.1 million declared in dollars.

investment banking company Jefferies, 730 thousand between consultants with dollar bill the most modest remuneration was the party that did. FTI Consulting in total 686.8 hours with billing 761 thousand He came up with a salary plan. of FTI “restarting the stock market” under the name of a file users to work on from the attention did not run away.

Increasing social media users costs to various controversies. while causing the stock market’s customers to bring value for reboot was suggested to be necessary.

FTX founder From Sam Bankman-Fried (SBF) appointed after By John J. Ray salary last year agenda and by investors reaction had seen.

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