Crypto meltdown a boon for bankruptcy lawyers

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Reuters UK

By Andrew Goudsward (Reuters) – 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 grave…

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