Investment bank Jefferies: It is expected that FTX users can recover up to 40% of their assets, but after deducting fees, it may only be 10%-35%

PANews reported on December 16 that according to The Block, Jefferies Financial Group, a well-known Wall Street investment bank, expects FTX creditors to recover about 20% to 40% of their funds, but expects that the fees for lawyers and other managers in this bankruptcy process, which may last for several years, may reach 500 million to 1 billion US dollars, so the net assets that creditors can recover may be between 10% and 35% of their assets held on FTX. In addition, companies including Jefferies have stated that several transactions to acquire FTX debt have been completed or are close to completion.