CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
Cryptopolitan 2023-12-18 18:00:48

FTX loses $53,000 every hour on bankruptcy fees

FTX, a once-prominent cryptocurrency exchange, has found itself grappling with substantial financial challenges, as unveiled by recent compensation filings. Over the three months leading up to October 31, the exchange reportedly incurred significant expenses, burning through approximately $53,000 every hour on bankruptcy lawyers and advisers. FTX court filings shed light on the financial situation Court

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.