đŒ Lawyers Make Big Money From Crypto Bankruptcies, Investors Suffer Big Losses!
- As of August, law firms working on 7 crypto bankruptcies have collected $751 million in fees.
- Sullivan & Cromwell leads with $215 million, mostly from FTX.
- Kirkland & Ellis is second with $120 million, working with Voyager, BlockFi, and Celsius.
- White & Case collects $75 million from Genesis and Celsius.
- Cleary Gottlieb receives $73 million from Genesis.
đ Bankruptcies coming to an end:
- FTX: Confirmation hearing in October.
- Terraform Labs: Reorganization hearing on September 19.
- Genesis: Restructuring plan completes, $4 billion settlement on August 2.
đŹ What do you think about the future of crypto? Comment now! đ
