FTX owes more in legal fees than it does to creditors

Recent filings show that FTX has been billed $1.45 billion in bankruptcy legal fees so far while it owes $1.42 billion to creditors.
Recent filings show that FTX has been billed $1.45 billion in bankruptcy legal fees so far while it owes $1.42 billion to creditors.
David Mills also says that Bankman-Fried may be “at the very top of the list as the worst person I’ve ever seen do a cross-examination.”
Perlman took up his role at Binance last year and is front and center in its attempts to negotiate numerous government investigations.
Kevin O’Leary has endorsed M2, a small cryptocurrency exchange incorporated in the Bahamas and offering unsustainable yields.
Insurers are responsible for the legal fees of more than 20 former FTX employees, but it’s claimed that not all received their fair share.