One aspect that has drawn attention in the FTX Chapter 11 filing is the substantial amount of professional fees associated with the process. A staggering $100 million has been paid in professional fees, with $44 million allocated in April alone. These fees encompass legal representation, financial advisors, and other experts involved in navigating the complexities of bankruptcy proceedings. The high cost of professional services raises questions about the efficiency and transparency of the process.
Market participants and investors will closely observe the outcome of FTX’s restructuring efforts and the high fees to assess the industry’s resilience and regulatory response