👁‍🗹 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.

đŸš« 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.