FTX bankruptcy fees in the vicinity of $20 million for 51 times of work

FTX bankruptcy fees in the vicinity of million for 51 times of work

Essential Factors

FTX’s leading bankruptcy, lawful, and financial advisors have billed the corporation a lot more than $19.6 million in service fees for get the job done done in 2022, according to Tuesday personal bankruptcy courtroom filings.
About $10 million of that was for do the job finished in Nov. 2022, as Sam Bankman-Fried’s crypto empire entered bankruptcy safety in Delaware.
These firms will only be paid out a very little above $15.5 million, or 80% of the benefit of their function, below a court-ordered interim payment system.

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