TechFlow news, according to The Block, FTX's bankruptcy advisors submitted their fee filings on June 15, disclosing that the exchange paid a total of $121.8 million in legal, consulting, and financial service fees and expenses between February 1 and April 30.
Sullivan & Cromwell LLP received $37.6 million, accounting for 30.9% of the total fees and expenses. Jefferies investment bank charged the lowest amount, representing 0.6% of the total. Restructuring advisor Alvarez & Marsal collected $37 million, including $51,225 for meals, $149,155 for accommodation, and $1,995 for other miscellaneous expenses.
These figures show that during the bankruptcy process, FTX incurred substantial costs to obtain professional support and manage its financial and legal affairs.
