The bankruptcy of FTX is nearing a total cost of $1 billion, marking it as one of the most expensive Chapter 11 cases in U.S. history. Recent court records indicate that nearly $950 million has been paid to over a dozen firms involved in the bankruptcy proceedings. This figure includes substantial legal and consulting fees, with restructuring advisors Alvarez & Marsal accounting for nearly $400 million of the total. As the legal fees continue to rise, experts predict that the overall costs could surpass $1.5 billion when adjusted for inflation. This situation has left hundreds of thousands of FTX account holders at risk of losing their rights to collect against the defunct cryptocurrency platform, as many scramble to navigate the complexities of their claims without legal representation.