Voyager Digital Obliged to Pay $1.1 Million in Legal Fees to Kirkland & Ellis

By Lola Coin Jun 28, 202375Views

Voyager Digital, a cryptocurrency brokerage, is facing bankruptcy and is set to pay over $1 million for legal services. The struggling company relies on its legal advisor, Kirkland & Ellis, to navigate through the bankruptcy process, but this aid comes at a high cost. Kirkland & Ellis applied a blended hourly billing rate of $1,313.18 for services rendered in April, resulting in cumulative charges exceeding $1.4 million. The firm has represented other crypto companies that have declared bankruptcy. Voyager Digital’s bankruptcy highlights the challenging climate for crypto firms and the importance of regulatory compliance and risk management strategies.

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