Investment bank Jefferies: It is expected that FTX users can recover up to 40% of their assets and have purchased some FTX claims

New York-based investment bank Jefferies Financial Group expects FTX creditors to recover about 20% to 40% of their funds, but expects lawyers and other administrators to spend $500 million in bankruptcy proceedings that could last several years, The Block reported. to $1 billion, so the net recoverable assets of creditors may be between 10% and 35% of the assets they hold on FTX. Additionally, companies including Jefferies said they have completed or are close to completing several deals to acquire FTX debt.