"Bankrupt FTX Pays Eye-Watering $32.5M to Legal Team in February - Shocking Deta

[Coinpedia Fintech News]

FTX's legal expenses for February are just as high as the previous month, with law firms seeking reimbursements of around $32.5 million.

CEO John J. Ray III also pocketed $305,000 for the month. The fees are tough to swallow for customers still waiting for compensation.

Sullivan and Cromwell alone is expected to earn hundreds of millions of dollars before the bankruptcy investigation concludes.