Court records show that since the “crypto winter” of 2022, professional firms that have provided services to at least nine bankrupt companies have received approximately $770 million in fees to date. Fees charged by law firms, bankers and other professional advisors who guide a business through bankruptcy often take precedence over company creditors when it comes to getting paid. FTX, which accounts for the largest share, has paid $317 million in fees and expenses to date, with nearly two-thirds going to its leading law firms and financial advisors. (Wall Street Journal)