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Lawyers, accountants, consultants, cryptocurrency analysts and other professionals have racked up more than $700-million in fees since last year from the bankruptcies of five major crypto firms
Bankruptcy lawyers and other corporate turnaround specialists have reaped major fees from the bankruptcies of five cryptocurrency companies, including FTX.
Lawyers, accountants, consultants, cryptocurrency analysts and other professionals have racked up more than $700 million in fees since last year from the bankruptcies of five major crypto firms, including the digital currency exchange FTX, according to a New York Times analysis of court records. That sum is likely to grow significantly as the cases unfold over the coming months.
While FTX exchange undergoes bankruptcy proceedings, it has hired Mike Novogratz’s Galaxy Digital to sell its crypto holdings. FTX and its sister company,…
FTX is looking for court permission to sign an investment services agreement with Galaxy Asset Management as part of the plan.