FTX Bankruptcy Sees Crazy Daily Legal Expenditure
It is averaging around $1.5 million per day.
The pace, now reaching approximately $50 million monthly, involves numerous legal experts, advisors, and bankers working extensively on the case.
According to Kris Hansen of Paul Hastings, representing the creditors’ committee, every dollar spent on legal fees diminishes the amount available for creditors.
While acknowledging the “remarkable” expenses, the fee examiner also commended the professionals who tirelessly sifted through the “smoldering heap of wreckage” to retrieve creditors’ funds.
According to Kris Hansen of Paul Hastings, representing the creditors’ committee, every dollar spent on legal fees diminishes the amount available for creditors.
While acknowledging the “remarkable” expenses, the fee examiner also commended the professionals who tirelessly sifted through the “smoldering heap of wreckage” to retrieve creditors’ funds.
