2026-01-09 10:30:05

The FTX bankruptcy saga continues to unfold. A class-action lawsuit against FTX was recently dismissed, but the outcome is somewhat ironic — the injured investors received nothing, while the legal team representing them took $650,000 in fees.

The Ontario Teachers' Pension Plan previously invested $95 million in FTX and later filed a lawsuit accusing the fund management of insufficient due diligence. Similar lawsuits are also underway in the United States, targeting FTX shareholders.

What does this tell us? In such large-scale bankruptcy cases, law firms are often the ultimate winners. Regardless of whether they can secure compensation for claimants, their legal fees are guaranteed. Some investors hoped to recover losses through class-action lawsuits, only to end up paying hefty legal fees and receiving nothing in return.

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LiquidationWatcher

· 01-11 21:08

bruh the lawyers eating good while retail bagholders get nothing... been there, lost that back in the ftx collapse tbh. health factor on these lawsuits was already liquidating from day one ngl

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OnchainArchaeologist

· 01-11 21:07

Lawyers are the real winners, walking away with $650,000 for free, while investors lose everything.

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CrashHotline

· 01-10 18:33

Lawyer fees of 650,000 taken away, investors didn't get a penny... Is this what you call "legal aid"? Laughable, truly a harvesting machine.

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down_only_larry

· 01-09 11:00

Lawyers are the real winners, investors suffer heavy losses

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FlatlineTrader

· 01-09 11:00

Lawyers are making a fortune, while investors lose everything. This is the true story behind class-action lawsuits.

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LiquiditySurfer

· 01-09 10:57

$650,000 in legal fees, investors get nothing... This is the reality. Legal battles are not really about seeking justice for victims.

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SolidityNewbie

· 01-09 10:57

Lawyers make a fortune, while investors lose everything. This script is all too familiar.

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StealthMoon

· 01-09 10:56

Lawyers are making a fortune, victims are losing everything—this is the reality.

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FrogInTheWell

· 01-09 10:50

Lawyers won big, investors lost everything... This is the reality of class-action lawsuits. The feeling of being cut twice must be incredibly hopeless. 95 million dollars wasted, and lawyers still want to charge fees—I'm truly speechless. Trying to turn things around through legal means, only to be exploited by the lawyer class... How ironic. This trick is always the same; retail investors are never the winners.

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BTCWaveRider

· 01-09 10:50

Haha, the lawyer wins big, and investors suffer heavy losses… This is the reality. They’ve lost even the litigation costs, so who’s to blame? FTX’s script is truly brilliant; victims become the scapegoats. $95 million goes down the drain, and they still have to pay lawyer fees—laughing to death. That’s why I never participate in class-action lawsuits. What’s the point? Lawyers get the meat, investors can’t even drink the soup. Wait, this $650,000 is still a small amount; the real big head probably hasn’t been exposed yet. In the crypto world, besides exchanges cutting leeks, now even the law is starting to cut.

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