Over $118 million in legal and advisory fees were charged to the insolvent crypto exchange FTX between August and October, amounting to roughly $1.3 million a day.
The company has reportedly been spending approximately $53,000 per hour on bankruptcy lawyers and advisors for the quarter ending October.
The most significant portion of these costs was a $35.8 million charge from management consulting firm Alvarez and Marshall for its services over this period.
These figures were revealed in FTX's recent compensation filings submitted to the court.