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News related to Crypto / Re: FTX has billions more than needed to repay bankruptcy victims
« Last post by examplens on May 12, 2024, 10:42:43 PM »These lawyers are pretty good. I wasn't expecting this kind of end result to come into fruitition.
Yeah, They are $2000 per hour good
This is an analysis from June 21, '23, and then they had nearly 35,000 billable hours, around $200mil. How many FTX users could have been reimbursed from there?
Quote
“These proceedings appear on track to be very expensive by any measure,” said Stadler, citing costs that already amount to 2% of estate assets and 10% of reported cash, with 46 of the 242 attorneys assigned to the case charged over $2,000 an hour.https://www.coindesk.com/policy/2023/06/21/ftxs-bankruptcy-fees-already-topped-200m-court-examiner-says/