“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.
Crypto Market Sell-Off Was Driven by Retail Investors, JPMorgan (JPM) Says
Cryptocurrency markets have seen significant profit taking in recent weeks, with retail investors playing a bigger part in the sell-off...