FTX Has Paid Over $120 Million in Legal, Consulting, and Financial Services Between February 1st and April 30th

FTX insolvency advisors filed their expenses and fee documents on June 15, stating that FTX paid $121.8 million in legal, consulting and financial services fees and expenses between February 1 and April 30, The Block reported. , of which Sullivan & Cromwell LLP collected $37.6 million in fees during the period, accounting for 30.9% of the total fees and expenses. Investment bank Jefferies charged the lowest fees at 0.6 percent of total fees and expenses, with Alvarez and Marsel's restructuring advisers collecting $37 million, with more than $1.1 million in fees including $51,225 for meals, $149,155 for lodging and other miscellaneous expenses $1,995. the