FTX's bankruptcy proceedings have accrued over $500 million in approved fees, with total requests exceeding $700 million. Significant fees include $254 million for Sullivan and Cromwell and $133 million for Alvarez and Marsel. The new management sold remaining Anthropic AI shares for $450 million to cover legal fees. Fenwick & West, the lead outside counsel for FTX until its collapse in 2022, remains under investigation in the Chapter 11 bankruptcy. Despite the high legal and administrative costs, creditors are set to recover up to 118% of their lost funds, aided by significant Solana holdings. Additionally, $885 million from FTX international customer funds will be paid to the USA IRS, following a settlement of a $24 billion claim for a fraction of the amount owed. Alameda never profited a dime but still has to pay $1 billion to the IRS.