Kryptokollaps genererer hundredvis af millioner af dollars til advokater

Kryptokollaps genererer hundredvis af millioner af dollars til advokater

Tidsstempel: 5. september 2023 kl. 7

Den juridiske industri har vist sig som en stor vinder midt i cryptocurrency kollapser som FTX og Celsius, der genererer hundredvis af millioner af dollars til advokater.

Lawyers, accountants, consultants, analysts and other professionals have indsamlet at least $700 million in fees from the bankruptcies of major crypto firms over the past year, according to a report and an analysis by The New York Times.

The calculated amount includes the costs charged as part of the crypto bankruptcy cases of five crypto firms — FTX, Celsius Network, Voyager Digital, BlockFi and Genesis Global — between July 5, 2022, and July 31, 2023. The figure is likely to grow significantly as the cases unfold in the near future, with Sam Bankman Fried’s trial coming in October.

Crypto collapses generate hundreds of millions of dollars for lawyers PlatoBlockchain Data Intelligence. Vertical Search. Ai.
Gebyrer, der opkræves i kryptokonkurssager. Kilde: The New York Times

Ifølge dataene er de juridiske eksperter, der er involveret i FTX-sagen, de største vindere af kryptovaluta-konkurser og opkræver i alt 326 millioner dollars. Advokatfirmaet Sullivan & Cromwell, som administrerer FTX's konkurs, har angiveligt opkrævet over $110 millioner i advokatsalærer, foruden $500,000 i udgifter.

Andrew Dietderich bemærkede angiveligt, at omkostningerne især er drevet af manglen på klare regler for kryptovaluta, hvilket gjorde sagerne mere komplekse og tidskrævende.

Kirkland & Ellis, som håndterer Celsius, Genesis og Voyager-konkurser, har faktureret $101 millioner for sit arbejde med $2.5 millioner i udgifter, sagde The New York Times analytikere. Alvarez & Marsal, et turnaround management firma, har angiveligt opkrævet mere end $125 millioner for sit arbejde med FTX, Celsius og Genesis.

Relateret: SEC v. Ripple: Advokater forlader SEC-siden, begge grupper tilføjer nye advokater

Some of the initial reports indicating that firms such as Sullivan & Cromwell would reap a fortune from their crypto bankruptcy work surfaced in January 2023. The firm reportedly had more than 150 people working on the FTX case at the time, including 30 partners with rates exceeding $2,000 per hour.

Amid concerns over high legal fees, the United States bankruptcy court appointed Katherine Stadler as fee examiner for the FTX case. In June, Stadler reported that the team working on FTX had requested more than $200 million in fees since the November bankruptcy, stating that the fees were reasonable.

Sam “SBF” Bankman-Fried’s legal team is continuing to fight against the United States Department of Justice, asking the court on Sept. 1 to deny all recent requests by the authority. As previously reported by Cointelegraph, one of the DOJ’s requests included an appeal to ban all of SBF’s seven expert witnesses from testifying in court. Some of the witnesses could cost SBF up to $1,200 per hour at vidne.

Magazine: Asia Express: Bitcoin-minearbejder får livstid i fængsel, Kina tilbyder dusører til kryptofirmaer

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