📉 Cryptocurrency bankruptcies such as FTX and Celsius brought hundreds of millions of dollars to lawyers and lawyers.
• Over the past year, professionals have collected at least $700 million from bankruptcies of large crypto firms.
• Legal experts involved in the FTX case were the biggest winners, collecting a total of $326 million.
• Unclear cryptocurrency regulations make things more complex and costly, which affects the cost of services.
• Litigation is ongoing and awards may increase significantly in the near future.