Cryptocurrency Q&A
Who are the big winners in a crypto bankruptcy?
Who are the big winners in a crypto bankruptcy?
CryptoGladiator
Sun Feb 16 2025
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6
answers
1470
I'm interested in understanding who the main beneficiaries or 'big winners' are in the event of a cryptocurrency company going bankrupt. Who are these winners and how do they benefit from such situations?
6 answers
Caterina
Tue Feb 18 2025
These legal professionals have emerged as the primary beneficiaries, amassing fees totaling over $700 million.
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AltcoinExplorer
Tue Feb 18 2025
The NYT conducted an analysis revealing that lawyers have been earning substantial fees since last year due to the increase in crypto-related bankruptcies.
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KpopStarletShineBrightness
Tue Feb 18 2025
In addition to lawyers, other professionals such as accountants, consultants, and cryptocurrency analysts have also been earning fees from the crypto industry's turmoil.
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Giulia
Tue Feb 18 2025
The fees earned by these professionals underscore the financial impact of the crypto industry's struggles on the broader business landscape.
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mia_anderson_painter
Tue Feb 18 2025
The crypto industry has witnessed a series of bankruptcies, leading to significant earnings for lawyers, as reported by the New York Times (NYT).
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