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FTX paid over $120 million in advisor fees between February 1 and April 30

From theblock.co

The legal and advisory costs for bankrupt crypto exchange FTX are mounting. Filings submitted on June 15 by FTX's advisors show that fees and expenses for the period between February 1 and April 30 totaled $121.8 million, according to data compiled by The Block Research. FTX lawyers at Sullivan & Cromwell billed the bankrupt exchange $37.6 million for the period, amounting to 30.9% of all fees and expenses. Investment banking firm Jefferies billed the lowest amount, making up 0.6% of the total fees and expenses. Restructuring consultants at Alvarez and Marsel charged $37 million with over $1.1 million in expenses that ... (full story)

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