Data shows that as of August this year, law firms handling seven Chapter 11 cryptocurrency bankruptcy cases since 2022 have requested and received a total of $751 million in fees. In some of the largest bankruptcy cases in the crypto industry, the law firms that earned the most fees include Sullivan & Cromwell, Kirkland & Ellis, White & Case, and Cleary Gottlieb. The four firms received $484 million in revenue for handling cryptocurrency bankruptcy cases. This accounts for 64% of all fees requested and received under Chapter 11 bankruptcy proceedings. Sullivan & Cromwell law firm had the highest revenue of $215 million. The firm served as debtor counsel for FTX. Kirkland & Ellis ranked second in fees, charging $120 million to its clients. The firm is the lead debtor counsel for companies such as Voyager, BlockFi, and Celsius. (Cointelegraph)