Odaily Planet Daily News Data shows that as of August this year, law firms handling seven cryptocurrency bankruptcy cases under Chapter 11 of the U.S. Bankruptcy Code since 2022 have requested and received a total of $751 million in fees. In some of the largest bankruptcy cases in the crypto industry, the law firms that earned the most fees include Sullivan & Cromwell, Kirkland & Ellis, White & Case, and Cleary Gottlieb. The four firms earned $484 million in revenue for handling cryptocurrency bankruptcy cases. This accounts for 64% of all fees requested and received under Chapter 11 bankruptcy proceedings. Sullivan & Cromwell Law Firm had the highest revenue of $215 million. The firm served as debtor counsel for FTX. Kirkland & Ellis ranked second in fees, charging its clients $120 million. The company is the main debtor counsel for companies such as Voyager, BlockFi, and Celsius. (Cointelegraph)