Lawyers & consultancy firms charge bankrupt FTX over $145M in 5 months

In 5 months FTX has racked up $145m in fees from lawyers and consultancy firms that are assisting them.

Law firm Sullivan and Cromwell has charged roughly $70 million for five-months of its services to the bankrupt exchange.

Financial advisor to FTX, Alvarez & Marsal, has charged the bankrupt exchange $53 million for its services between November 2022 and March 2023.

With so much of customers deposits likely never finding their way back to their rightful owners it begs the question, are customers deposits being used to pay this astronomical bills?