How Much Is Too Much to Spend on FTX’s Bankruptcy?

“Alvarez & Marsal have planned been charging Celsius $1.7 million per month,” Kuvari found, “And charging FTX $11 million a month.” Similarly to the balancing with Enron, this means A&M is charging about six times as much on a bankruptcy involving only about 50% diverse liabilities. On a percentage basis, A&M took around 11% of fees in the Celsius bankruptcy, but is getting about 30% of the FTX rates.