November 23, 2024

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FTX advisors billed the bankrupt firm for a whopping $103M in Q1

1 min read
FTX advisors billed the bankrupt firm for a whopping 3M in Q1

The lawyers and consulting firms assisting

Forensics consulting firm AlixPartners invoiced its largest bill at $4.51 million in March, totaling $10.2 million over the quarter for the firm’s work in analyzing decentralized finance products and tokens in FTX’s possession.

Despite a severely troubled six months, FTX hasn’t put the nail in the coffin yet.

With $7.3 billion in assets recovered FTX’s legal team is eyeing a potential reboot of the trading platform as early as April 2024.

Magazine: Unstablecoins: Depegging, bank runs and other risks loom