Bloomberg Tax
Oct. 12, 2022, 4:53 AM

Tab for Celsius Crypto Bankruptcy Now in Millions of Dollars (1)

Olga Kharif
Olga Kharif
Bloomberg News

The first bills from the army of lawyers and advisers working on the bankruptcy of crypto lender Celsius Network LLC are in and already adding up to millions of dollars.

Alvarez & Marsal North America LLC, a financial adviser for debtors, has asked to be paid about 80% of a near-$3 million bill for work involving 20 staffers over July 14 to Aug. 31, according to a filing Tuesday.

In another filing, fees for a court-appointed examiner and her counsel were estimated at $3 million to $5 million, excluding additional expected costs from a financial adviser the examiner ...