Ftx use funds are being "slow rugged" by the law firms. They are committing legal robbery by charging ftx $775 per hour of work that is done by a FRESH GRADUATE!

It's been 8 months since ftx went into bankruptcy, user funds are slowly depleting or in crypto terms we call it a slow rug. No progress has been achieved. On top of that these law firms are charging ftx $775 per hour of work done by a fresh graduate on the ftx case. Over 3% of the total user funds that remain have already been paid to the lawyers which have resulted in nothing.

For context, based on previous large bankruptcies

The Enron bankruptcy paid 1B in lawyer fees to retrieve total claims of 63B. So 1.6% was used on lawyers fees.

Ftx is already at 3% used and nothing has come out of it.

Source to see how much ftx are being charged per hour - https://twitter.com/MHE_BE3ET/status/1677249300634509323?s=19