Investment bank Jefferies: Expects FTX users to recover up to 40% of their assets, has purchased some FTX claims

According to ChainCatcher, The Block reports that New York investment bank Jefferies Financial Group expects FTX creditors to recover about 20% to 40% of their funds, but it is anticipated that the fees for lawyers and other administrators in this bankruptcy process, which could last for several years, may reach between $500 million and $1 billion. Therefore, the net assets that creditors can recover may be between 10% and 35% of the assets they held on FTX.

In addition, companies including Jefferies have stated that they have completed or are close to completing several transactions to acquire FTX creditor claims. (source link)