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FTX bankruptcy case costs $1 billion in fees, making it one of the most expensive bankruptcy cases in U.S. history

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65% Informative

FTX bankruptcy case has reportedly cost up to $1 billion in fees so far, making it one of the most expensive bankruptcy cases in America 's history.

So far, lawyers have collected around $948 million to work on the Chapter 11 case through January 2 .

FTX 's lead law firm, Sullivan & Cromwell LLP , has received over $248.6 million in legal fees.

Financial advisers and acting CEO John Ray have also received significant sums as fees for their services.

This revelation comes amid the exchange’s recent move to start repaying customers.

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formal

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English

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42

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