FTX Racks Up $121.8M in Advisor Fees Amid Bankruptcy
- Centralized Exchange
- Regulation
- CT Lore
By April 30, 2023, bankrupt crypto exchange FTX had paid out a staggering $121.8 million in legal and advisory fees for the period from February 1 to April 30. This jaw-dropping bill covered lawyers, consultants, and restructuring experts picking through the wreckage of SBF's empire. CT exploded with memes and outrage, accusing the advisors of milking creditor funds while victims waited for scraps. Many pointed out the irony of a failed exchange funding a legal gold rush. It was peak 2023 bankruptcy drama, showing how messy the FTX fallout remained.