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- ChatGPT confronted a query on the FTX chapter case.
- The query was about hiring chapter attorneys with a price range of $1.4B for a yr.
- ChatGPT estimated that 8,000 to 12,000 attorneys have been employed for the FTX case.
n a latest change on X, crypto sleuth Huber posed a difficult query to ChatGPT surrounding the FTX chapter case. The query, “What number of chapter attorneys can I rent on common for 1.4 billion US {dollars} for 12 months? Make a tough estimate,” initiated an in depth exploration into the intensive authorized framework of the FTX course of.
In accordance with ChatGPT’s estimations, 8,000 to 12,000 attorneys labored full-time on the FTX chapter case. GPT dove deeper and made calculations primarily based on the typical annual wage of a chapter legal professional, starting from $100,000 to $150,000. GPT estimated a possible hiring capability of 9,333 to 14,000 attorneys for 12 months with a price range of 1.4 billion US {dollars}.
Huber’s subsequent query sought to discern the variety of the highest-paid 1% of attorneys that could possibly be employed with the identical price range. Assuming a median annual wage of $1,000,000 for this group, the estimate stood at roughly 1,400 extremely paid attorneys for a one-year length.
Nonetheless, these revelations come on the heels of a big growth within the FTX chapter case. In a latest revelation by CasaHODL CTO Jameson Lopp, it was disclosed that the entire FTX authorized charges amounted to $1.45 billion, surpassing the owed quantity to clients, which stood at $1.42 billion.
Intriguingly, the creditor disclosed that absolutely paid authorized charges because the initiation of the FTX chapter case reached roughly $350 million. This revelation sheds gentle on the huge monetary scale of the authorized intricacies surrounding FTX.
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