FTXs bankruptcy rakes up nearly $50m monthly in legal fees
Tech Kebangkrutan FTX menghasilkan hampir $50 juta setiap bulannya untuk biaya hukum 9 menit yang lalu Berita Bitcoin Ethereum FTX creditors are looking to expedite bankruptcy proceedings as legal fees are becoming increasingly expensive, possibly eating into the money paid to creditors. While attorneys of FTX are working towards recovering what remains of the once global crypto exchange and repaying customers, creditors have grown frustrated with the lengthy bankruptcy process and are seeking to hasten mediation. Menurut sebuah Reutersarticle on Aug. 23, the agreement was to repay users by liquidating FTX‘s assets. However, creditors are displeased about the crypto exchange’s slow negotiation pace to get a buyer that would restart FTX, according to the firms attorney, Brian Glueckstein. Meanwhile, Glueckstein, at a bankruptcy hearing on Aug. 23, argued that a “premature mediation” will benefit anyone while stating that bankruptcy proceedings are still on track to finalize by Q2 2024. Another issue was the amount that was being gulped in legal fees. According to Kris Hansen, an attorney representing the official creditors committee, attorney fees and other costs have climbed to nearly $50 million monthly. It potentially reduces the money creditors receive as the process continues to drag. In a report filed by court-appointed fee examiner Katherine Stadler in June,