If some of the fees and expenses hadn’t been cut back, the charges would be above $700 million by now.
FTX lawyers and advisors have seen over $500 million in fees approved from the estate as the bankruptcy costs keep rising.
The FTX estate’s special counsel, Sullivan and Cromwell, tops the list, with $254 million of approved fees , according to court filings. Financial advisor Alvarez and Marsel comes in behind with $133 million in approved fees. Since the process began, FTX CEO John Ray III has charged $5.6 million, with his hourly rate of $1,300. RLKS Executive Solutions, the estate's chief officers, has billed $26 million in total.
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