The phalanx of lawyers, associates, partners, paralegals, directors, and executives working to bail out FTX have billed more than $32 million for February.
February’s round of legal expenses for bankrupt crypto exchange FTX has been published and it remains a scary figure for debtors.from April 4 to April 10 detailed the monthly fee statements for February of the law firms involved with FTX’s bankruptcy proceedings which come to a combined total of around $32.5 million.who pocketed $305,000 in February according to a March court filing.
The FTX chief billed at $1,300 per hour and reported working 255.9 hours for the period of Mar. 1 to Mar. 31. This makes his fees a whopping $327,470, with the remaining $1,703 for airfares, lodging, transport, meals, and other expenses.The law firm Quinn Emanuel Urquhart and Sullivan sought a total of over $2.7 million in reimbursements for February. Partners at the firm billed between $1,246 and $1,917 per hour and associates billed between $747 and $1,183 per hour.
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