FTX has paid over 30 million dollars in related fees to its legal and advisory teams this February

2023-04-10 22:57:33

Collection

According to ChainCatcher news, a report submitted to the bankruptcy court shows that the bankrupt cryptocurrency exchange platform FTX received over $30 million in bills from its legal and advisory teams in February this year, which includes approximately $29.7 million in compensation and an additional $407,000 in reimbursement fees.

It is reported that FTX received related bills from six companies in February this year. The exchange platform hired the law firms Sullivan & Cromwell and Landis Rath & Cobb, the management consulting firm AlixPartners, the financial services company Perella Weinberg Partners, the consulting firm Alvarez & Marsal North America, and FTX CEO John Ray III's Owl Hill Advisory. Documents show that the total hours worked by these six companies in February exceeded 35,400 hours. (source link)

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