Crypto lender Celsius Network\u2019s lawyer and adviser fees amid its bankruptcy proceedings are projected to reach $144 million, triggering responses from crypto community members.\u00a0<\/p>\n
In a March 21 tweet, software developer Cam Crews shared a spreadsheet compiling the reported fees and projected fees the bankrupt crypto lender must pay. According to the data, almost $102 million has been filed so far. The developer also noted that some months were missing and estimated around $42 million in fees have yet to be paid and filed. <\/p>\n
The tweet garnered responses from various crypto community members, with some even comparing the Celsius situation with the current Silicon Valley Bank (SVB) issue, suggesting that creditors start a law firm themselves.\u00a0<\/p>\n
According to one Twitter user, they were lied to by Celsius founder Alex Mashinsky, and then justice told them that they were at fault. Meanwhile, the community member believes that rich venture capital depositors at SVB had their money covered even though they weren\u2019t insured. <\/p>\n
Meanwhile, another community member believes that the lawyers should be compelled to provide \u201cproof-of-work,\u201d asking if there are organizations to audit them in the United States. <\/p>\n