Attorneys, advisers, and bankers concerned within the Celsius chapter case collectively earned $53 million as administrative bills in 4 months, as reported by the Monetary Occasions.
Amongst Celsius’ 5 advisors, Kirkland & Ellis was billed essentially the most vital quantity at $20.1 million. The corporate served Celsius for 212 days for $166,000 per day.
However, White & Case’s companies as advisors to unsecured collectors committees value the most costly among the many different 4 firms. The corporate earned $10.2 million by collaborating within the case for 94 days, charging $109,000 every day.
Lastly, Jenner & Block made a significantly bigger sum for its companies because the advisors to the examiner in comparison with Huron Consulting. With a $59,000 fee per day, Jenner & Block assisted the case for 32 days, making a complete sum of $1.9 million.
Crypto lender Celsius declared chapter on July 14, 2022. Being one of many firms that had been affected by the ripple impact of the Terra-Luna crash, Celsius paid its DeFi loans to Aave, Compound, and Maker, which led to the agency’s chapter.
