FTX's lawyers benefited the most from the FTX saga: They are earning $2k per hour while FTX customers lost all their money (Not fair)

FTX's lawyers benefited the most from the FTX saga: They are earning $2k per hour while FTX customers lost all their money (Not fair).


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Sometime last year, FTX crypto exchange company collapsed and filed for bankruptcy after being exposed for the misuse of customer's funds and overleveraging their customer's funds like a gamble in a casino in Las Vegas, now it is no news that many people blame CZ the CEO of Binance and Binance for FTX collapse and eventually filing bankruptcy because of a tweet from CZ talking about selling his FTT tokens which is the native token for FTX, which he did not sell about 50% of based on the new report I read, people just assume that CZ crashed or exposed FTX on purpose to eliminate their rivals or competitor. but I can tell you for a fact that I do not agree with that because CZ did not tell the world to short FTT or put a gun to Sam Bankman-Fried's head to commit fraud, misuse, and overleverage customer's funds, Sam Bankman-Fried is supposed to be routing in jail not out on bail after his billions of dollars fraud.

Now, that being said, while FTX customers are crying and pissed off for their money or funds lost due to the FTX collapse and filling for bankruptcy saga, FTX Lawyers and the new CEO of FTX are cashing out big time, in fact, they are cashing out per hour for 8 hours job every day except weekends, so in opinion, the people who are benefiting the most from the collapse and misfortune of FTX in the crypto space are restructuring and bankruptcy lawyers and ** the new FTX CEO John Ray who took over as CEO to oversee the bankruptcy and investigate of FTX crypto exchange firm practices while SBF was CEO of FTX.

Ray the new FTX CEO earns $1,300 per hour and after 8 hours he goes home with $10,400 and for the week without weekends he earns $52,000, while the Lawyers earn $810 to $2,000 per hour and there are 150 of them on this FTX case and they all work for Sullivan & Cromwell, these Lawyers are bagging anywhere around $6,480 to $16,000 each or $972,000 to $32 million collectively, the sad truth is that they do not care if the company is struggling to find money to pay back users or customers and creditors, they are busy commanding heavy pay and cashing out, while people who lost to the FTX saga are suffering.

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Impressive earnings. This is just one more reason DeFi fixes the ills of the world. If this was a DeFi project, instead of a cefi project, the smart contracts would either return funds to both parties due to failure to fulfill the terms of the contract or the DeFi investors who retain control over withdrawal ig their investments without permission would make these salaries un-necessary.

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