FTX's bankruptcy costs are nearing $1 billion, making it one of the most expensive Chapter 11 cases in U.S. history. However, despite the high fees, customers are expected to recover 118% of their claims, which is rare in bankruptcy proceedings. The fees are due to the complexity of recovering billions of dollars in assets, with hedge funds benefiting from purchasing FTX claims at discounted prices. The lead law firm and financial adviser in the case have been paid over $248 million and $306 million respectively. The costs of FTX's bankruptcy exceed those of other crypto bankruptcies. Ongoing litigation includes a lawsuit against Binance seeking $1.8 billion. However, FTX's costs are still significantly lower than Lehman Brothers' $6 billion bankruptcy.



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