26 February 2025

Court records: FTX paid nearly $948M to 12+ firms working on its bankruptcy, one of the costliest Chapter 11 cases in US history; users are set to get back 118% (Jonathan Randles/Bloomberg)

Jonathan Randles / Bloomberg:
Court records: FTX paid nearly $948M to 12+ firms working on its bankruptcy, one of the costliest Chapter 11 cases in US history; users are set to get back 118%  —  - Lack of records, corporate controls sent adviser fees higher  — Most creditors poised to get back 118% of what they were owed

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