FTX bankruptcy case

On March 7, the court records showed that the professionals handling the FTX bankruptcy case charged a total of $38 million in January, of which Sullivan&Cromwell’s fees in January were $16.8 million and Alvarez&Marsal’s fees in January were $12.3 million. Three law firms, including Sullivan&Cromwell, have more than 180 lawyers in charge of the case and more than 50 non-lawyers (such as paralegals). （Coindesk） Interpretation of this information: The message reports on the fees charged by professionals handling the bankruptcy case of FTX in January. The total charges amount to…

It is reported that at the hearing on Wednesday, a US judge rejected the motion to appoint an independent examiner to investigate the FTX bankruptcy case. Interpretation of this information: The recent news reports state that a US judge has declined to issue a motion to appoint an external examiner to investigate the FTX bankruptcy case. The request to appoint an independent examiner was made to explore the possibility of analyzing the business and financial records of the company. However, the judge has denied the motion. It seems that the…