Mario Nawfal: U.S. crypto bankruptcy lawyers drained over $1 billion in fees

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Crypto bankruptcy lawyers collect $1 billion fees

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Jose Antonio Gastelum

25.05.2026

Mario Nawfal: U.S. crypto bankruptcy lawyers drained over $1 billion in fees — Crypto bankruptcy lawyers collect $1 billion fees

Mario Nawfal, founder & CEO at IBC Group, reports that the collapse of a multi-billion-dollar crypto empire in the U.S. has created a lucrative opportunity for bankruptcy lawyers, who have quietly accumulated over $1 billion in fees.

Patrick Gruhn, identified as the ex-CEO of FTX's European entity, recalled running the regulated European arm prior to the exchange's collapse.

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Nawfal recently covered Canada's push to ban over 4,000 Bitcoin ATMs due to fraud concerns. He also reported when the Dow closed above 50,000 for the first time since the Iran war began, with Cisco leading market gains in major indexes including the S&P 500 and Nasdaq. These updates reflect Nawfal's ongoing coverage of key events in crypto and equity markets.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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