Legal firms specializing in bankruptcies have earned over $700 million since last year from the collapse of FTX, Celsius Network, Voyager Digital, BlockFi, and Genesis Global.
FTX pays the most for such services. Among the largest beneficiaries are Alvarez & Marsal and Sullivan & Cromwell. Both firms are handling FTX's bankruptcy, among other cases.
The first firm received over $126 million for their work, while the second demanded $111 million.
