“Alvarez & Marsal have been charging Celsius $1.7 million per month,” Kuvari found, “And charging FTX $11 million a month.” Similarly to the comparison with Enron, this means A&M is charging about six times as much on a bankruptcy involving only about 50% more liabilities. On a percentage basis, A&M took around 11% of fees in the Celsius bankruptcy, but is getting about 30% of the FTX fees.
Source: https://www.coindesk.com/consensus-magazine/2023/06/30/how-much-is-too-much-to-spend-on-ftxs-bankruptcy/?utm_medium=referral&utm_source=rss&utm_campaign=headlines