💸 FTX Bankruptcy Update! 💼💥 In the ongoing FTX bankruptcy court hearing, CoinDesk reveals a pressing concern: daily expenses mount to $1.5M, with a monthly hit of $50M. 💰 Kris Hansen from Paul Hastings, FTX Creditors' Committee head, emphasizes advisors and professionals are working full throttle. As proceedings continue, cash drain accelerates, raising creditors' stakes. 🏦💼 #FTXBankruptcy #FinancialUpdate #BitcoinWorld

🕒 U.S. bankruptcy attorney Alan R. Rosenberg predicts, "FTX bankruptcy resolution may take several years," citing FTX's unique situation with multiple lawsuits to recover pre-bankruptcy expenses, including lawsuits involving major companies, making a lengthy litigation process likely. 👩‍⚖️💼 #FTXBankruptcy 📅⏳

⚖️ U.S. court denies FTX's request to postpone bankruptcy proceedings as FTX lawyer seeks 1-2 months to determine the circumstances of the case. Judge John Dorsey rejects the delay, stating, "There is no need to postpone." 🏛️📉 #FTXBankruptcy #LegalNews 🇺🇸💼