The post Legal fees skyrocket in high-profile crypto bankruptcies appeared on BitcoinEthereumNews.com.

High-profile bankruptcy cases have become a lucrative goldmine for two major law firms involved in the legal proceedings: Sullivan and Cromwell and Kirkland and Ellis. Cryptocurrency bankruptcy lawyers and advisers at major law firms have amassed over $700 million in fees from significant cryptocurrency bankruptcy cases. Recent years have seen several major bankruptcy cases, including Sam Bankman-Fried’s crypto exchange FTX Trading Ltd, as well as Genesis Global Capital, BlockFi, Celsius, and Voyager Digital. These high-profile bankruptcy cases have become a lucrative opportunity for two major law firms involved in the legal proceedings: Sullivan & Cromwell and Kirkland & Ellis. Read more Source: https://cointelegraph.com/news/crypto-bankruptcy-cases-lawyers-profits

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Filed under: News - @ May 31, 2024 11:12 pm