FTX’s bankruptcy is rapidly melting the cash flow of the global stock market in this period when the process is getting longer. About 1.5 million dollars in legal costs accumulate every day.

Dismantling the FTX accumulates costs of up to $1.5 million per day by lawyers and other experts examining the remnants of the worldwide stock market.

The rising cost was a point of contention at the bankruptcy hearing Wednesday; The lending committee criticized the current pace of spending.

“Right now, hundreds of so-called lawyers, financial advisors and bankers are working almost full-time at almost $50 million a month,” said Kris Hansen, attorney who represents the lending committee. “Each dollar of the lawsuit is a dollar that the creditors don’t actually receive.”

A report by another law firm’s compensation auditor two months ago, examining the charges over the first seven months of the case, called the fees “extraordinary”, totaling $200 million. But the report also lauded experts who were trying to salvage the money in the “emergent pile of rubble”.

This complex bankruptcy process is also complicated by the needed side talks with other collapsing crypto giants; for example, the $175 million settlement that FTX filed with Alameda Research in the bankruptcy of that company. FTX’s recordings have been problematic from the start, and FTX’s CEO, John J. Ray III - the person in charge of the process - stated that the recordings were full of lies and shuffling from the previous FTX administration.

Representatives of the bankrupt exchange claim that they are working “infinitely devoted to them” and that the process is proceeding as planned.

But Hansen – who potentially argued that the process to revive FTX 2.0 has been slow and overly secretive – also noted that the bankrupt group did not do enough to maximize the revenue that could be generated from the company’s cash and crypto assets while the lawsuit was pending.

“Every day is important,” he said.