TechFlow news — Investment bank Jefferies Financial Group estimates that FTX creditors could recover approximately 20% to 40% of their funds. However, legal and administrative fees associated with the bankruptcy process—which may last several years—could reach between $500 million and $1 billion, meaning net recoverable amounts for creditors might fall within the range of 10% to 35% of their assets held on FTX.
Additionally, companies including Jefferies have indicated that several transactions to acquire FTX claims have already been completed or are nearing completion.
As previously reported, in November this year, multiple institutions—including Wall Street investment bank Jefferies, brokerages Seaport Global and BTIG—were assessing the potential value of trapped assets on the FTX platform, seeking to purchase user claims at a discount. Once deals are finalized, these brokerages are expected to sell the related assets to specialized hedge funds.Original link
