Sam Bankman-Fried’s FTX Bankruptcy Burning Through $1.5M in Legal Costs Every Day

What Is a Crypto Exchange Token and How Did It Help Blow up FTX?

“They’ve now moved to a pace of almost $50 million a month in fees, with literally hundreds of lawyers, financial advisors and bankers working on them practically full time,” said Kris Hansen, a lawyer from Paul Hastings representing the creditors’ committee. “Every dollar spent in the case is essentially a dollar that creditors don’t receive.”

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