Before filing for bankruptcy, FTX paid retainer $12 million to bankruptcy lawyers as security for payment of its fees and expenses. Precisely, Sullivan & Cromwell LLP (S&C), a law firm headquartered in New York City, received this huge amount from West Realm Shires Services Inc. To add to it, the filing also revealed that over the past 90 days, i.e., since Aug. 26, 2022, FTX paid nearly $3.5 million to S&C.