FTX Creditors Could Recover up to 40% of Their Funds, Says Jef | Crypto ▪︎ Bitcoin ▪︎ Trading ▪︎ News
FTX Creditors Could Recover up to 40% of Their Funds, Says Jefferies
Femenia maintained FTX victims could retrieve between 20% and 40% of their investment. The global investment banking firm – Jefferies Group – reportedly determined FTX creditors could retrieve as much as 40% of their lost money. The executive, who has formed a five-person team to work on issues related to the bankrupt exchange, explained that rates could change once there is new data about the balance sheet of FTX. Femenia estimated that FTX owes between $10 billion and $13 billion to creditors. He outlined that between 5% and 10% of that amount needs to be paid to attorneys and relevant administrators.
