Coin Gabbar Token

<h2 id="header-0">Key Takeaways</h2><ul><li>With legal fees this high, it&#39;s no wonder that FTX might have to resort to creating its own cryptocurrency</li><li>Maybe FTX should have invested in some good lawyers before they went bankrupt</li></ul><h3 id="the-legal-fees-for-ftx-39-s-bankruptcy-proceedings-have-reached-astronomical-levels-so-much-so-that-they-might-have-to-create-a-new-cryptocurrency-just-to-pay-them-off">The legal fees for #FTX&#39;s bankruptcy proceedings have reached astronomical levels. So much so that they might have to create a new cryptocurrency just to pay them off.</h3><p>That&#39;s right, forget Bitcoin or Ethereum, the new crypto on the block will be called &#34;DebtCoin.&#34;According to recent court filings, the law firms involved with FTX&#39;s <a href="https://www.coingabbar.com/en/crypto-currency-news/ftx-has-millions-worth-of-physical-assets-in-bahamas-ftx-liquidators" rel="noopener noreferrer nofollow">bankruptcy proceedings </a>charged a whopping $32.5 million for the month of February alone. And that doesn&#39;t even include the compensation for FTX&#39;s CEO John J. Ray III, who pocketed $305,000 for that month. Apparently, his time is worth $1,300 per hour, which is more than what most people make in a week.</p><p>With legal fees this high, it&#39;s no wonder that FTX might have to resort to creating its own cryptocurrency. They could call it &#34;BankruptCoin&#34; or &#34;LegalTenderCoin&#34; or &#34;BillMeLaterCoin.&#34; The possibilities are endless.</p><p>But seriously, the fact that the legal fees exceed the annual budget of a small town is cause for concern. Maybe FTX should have invested in some good lawyers before they went bankrupt.</p><p>In conclusion, the legal fees for <a href="https://www.coingabbar.com/en/crypto-currency-news/ftx-founder-sbf-granted-bail-with-restrictions-on-electronic-devices-and-apps" rel="noopener noreferrer nofollow">FTX&#39;s </a>bankruptcy proceedings are so high that they&#39;re becoming a joke. But the reality is that these fees will have to be paid somehow, whether it&#39;s through DebtCoin or some other means. Let&#39;s hope that #FTX can figure out a way to get out of debt without bankrupting themselves even further.</p><p><strong>Also, Read - <a href="https://www.coingabbar.com/en/crypto-currency-news/elon-comments-on-indias-strict-laws-and-bbc-documentary" rel="noopener noreferrer nofollow">Elon Musk Comments on India&#39;s Strict Laws and BBC&#39;s Modi Documentary</a></strong></p>

FTX Legal Fees So High, They Might Have to Create a New Cryptocurrency Just to Pay Them Off

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