👁‍🗨 Concerns Over Legal Fees in #FTX #Bankruptcy

Former SEC official John Reed Stark has raised concerns regarding the profits made by the legal team handling the FTX bankruptcy case.

🚫 The FTX restructuring plan, initially under consideration, was abandoned, and there were no plans for a relaunch.

The legal and advisory fees for FTX reached around $53,000 per hour in the quarter ending October 31, 2023, totaling millions over several months.