FTX restructures team, charges over $40 million in January, CEO John Ray earns $300,000 in February.
According to legal documents, the total fees for FTX's team restructuring, collaborating law firms, and advisory companies in January this year exceeded 40 million US dollars.
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The related institutions and fees are as follows:
Sullivan & Cromwell Consultants: $16.8 million
Alvarez & Marsal Litigation Withdrawal, Financial Analysis: $12.3 million
AlixPartners DeFi Evidence Collection: $2.1 million
Quinn Emmanuel Urquhart & Sullivan Special Consultants: $1.4 million
Landis Rath & Cobb Special Consultants: $663,000
Perella Weinberg Partners Consultation and Communication: $450,000
In addition, FTX restructuring team, and FTX's current CEO John Ray charged $305,565 in February.
Earlier reports stated that John Ray's hourly rate is $1,300, and he worked 239.8 hours in February, excluding some non-working hours, approximately 230.3 hours.
