{"id":28408,"date":"2023-05-02T22:14:02","date_gmt":"2023-05-03T05:14:02","guid":{"rendered":"https:\/\/coinnetworknews.com\/ftx-advisors-billed-the-bankrupt-firm-for-a-whopping-103m-in-q1\/"},"modified":"2023-05-02T22:14:02","modified_gmt":"2023-05-03T05:14:02","slug":"ftx-advisors-billed-the-bankrupt-firm-for-a-whopping-103m-in-q1","status":"publish","type":"post","link":"https:\/\/coinnetworknews.com\/ftx-advisors-billed-the-bankrupt-firm-for-a-whopping-103m-in-q1\/","title":{"rendered":"FTX advisors billed the bankrupt firm for a whopping $103M in Q1"},"content":{"rendered":"
The lawyers and consulting firms assisting cryptocurrency exchange FTX<\/a> through its bankruptcy proceedings are set to cash in a total of $103 million over the first quarter.<\/p>\n March saw five firms \u2014 Sullivan & Cromwell, Alvarez & Marshal, AlixPartners, Quinn Emmanuel Urquhart & Sullivan and Landis Rath & Cobb \u2014 bill FTX a combined $36.4 million according<\/a> to several court filings between April 28 and May 2.<\/p>\n The invoices from March were slightly higher than January and February\u2019s figures of $34.2 million<\/a> and $32.5 million<\/a> respectively.<\/p>\n New York-based law firm Sullivan & Cromwell again walked away with the biggest paycheck, billing $14.1 million in fees and expenses for March, adding to a total of $44.4 million over the first quarter.<\/p>\n