Crypto Meltdown A Boon For Bankruptcy Lawyers
Turmoil in the cryptocurrency industry has rattled major exchanges and sent the value of digital assets tumbling, but at least one group stands to gain: bankruptcy lawyers.
High-profile bankruptcies involving crypto exchange FTX, hedge fund Three Arrows Capital and crypto lenders BlockFi, Celsius Network and Voyager Digital Ltd are generating new opportunities - and big fees - for law firms that counsel troubled companies.
Large law firms can rake in more than $100 million in legal fees during a long-running bankruptcy, experts said.
"You've got to pay the gravedigger," said...