FTX chapter might be ‘very costly’ however there’s a purpose: Auditor

Charges charged by the legal professionals and the restructuring staff engaged on the bankrupt crypto alternate FTX have topped $200 million in simply over seven months, however an impartial auditor argues it is sensible, given the mammoth process.

On June 20 the court-appointed payment examiner, Katherine Stadler, filed a 47-page report on the charges charged by the regulation corporations within the roughly three months following FTX’s Nov. 11 chapter and concluded they weren’t “wholly unreasonable within the second.”

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