Sources Informed: Wall Street Brokers Are Assessing Potential Value Of FTX User Claims

Several Wall Street firms, including investment bank Jefferies and brokers Seaport Global and BTIG, are trying to assess the potential value of FTX users’ claims, the New York Times reported, citing people familiar with the matter. However, given the uncertainty of bankruptcy proceedings, and even the possibility of not recovering funds, claims are currently priced at less than 10% of their true value. Some professional investors who had the opportunity to buy the debt said they were still doing the analysis necessary to see whether the deal might be profitable.