Two law firms made over $200M from FTX, Celsius, and other crypto busts
Major law firms Sullivan & Cromwell and Kirkland & Ellis made $110 million and $101 million in fees respectively from crypto firm implosions.
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Major law firms Sullivan & Cromwell and Kirkland & Ellis made $110 million and $101 million in fees respectively from crypto firm implosions.
Read more (2 min) →Crypto lender Voyager Digital’s $1B deal with Binance could finalize as early as April 18. Users voted to accept an asset transfer to Binance.
The offer from FTX in July was branded “a low ball bid” that could “create chaos” in the firm’s ongoing bankruptcy proceedings.
An FTX bailout of $750 million will keep two crypto lenders solvent: $250 million for BlockFi and $500 million for Voyager.