Invezz
2023-12-18 08:35:46

FTX files revised plan to repay creditors as bankruptcy legal fees hit USD 53K/h

Embattled crypto exchange FTX is grappling with soaring legal expenses, burning through $53,000 per hour on bankruptcy-related fees. As a result, FTX has filed an amended plan to resolve its bankruptcy and repay creditors, but concerns arise regarding the valuation of customer claims and escalating legal costs. This article dissects the latest developments surrounding FTX,

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