The cryptocurrency lending platform Celsius has spent over $3 million in legal fees during its bankruptcy restructuring process

ChainCatcher news, the crypto lending platform Celsius has incurred over $3 million in legal fees during its bankruptcy proceedings, with the law firm Kirkland and Ellis charging nearly $2.6 million from July 13 to July 31, and Akin Gump charging nearly $750,000 for its services from July 13 to August 31.

It is reported that Celsius has $2.8 billion in crypto debt, and Kirkland & Ellis expects Celsius to face nearly $40 million in losses by the end of October. (The Block)