The bankruptcy administrators have hired Sullivan & Cromwell as their counsel, while Quinn Emmanuel Urquhart & Sullivan and Landis Rath & Cobb have been appointed as special counsel for the proceedings.
FTX engaged AlixPartners to perform forensic analysis on the DeFi products and tokens they hold. The primary objective of this engagement was to accomplish this goal.
The court filings reveal that Sullivan & Cromwell charged $16.8 million for January, while Quinn Emanuel Urquhart & Sullivan and Landis Rath & Cobb billed $1.4 million and $663,995, respectively.
With more than 180 lawyers and 50 non-lawyer staff, including paralegals, the three firms have formed a substantial team to work on the case.
In January, Sullivan & Cromwell's lawyers and staff billed a total of 14,569 hours, with the majority of time spent on discovery, followed by asset disposition and asset analysis and recovery, as per court filings.