Jefferies

On March 18th, a self-described FTX creditor (@ sunil) posted an article on social media stating that Jefferies, a well-known Wall Street investment bank, was contacting potential FTX bidders to restart FTX. According to its disclosure, FTX JP alone has more than 40 bidders, while FTX (international version) has more. The 9.7 million users and 1.4 million creditors of the FTX platform are the most valuable assets that bidders consider the platform to be. Zhu Su: “FTX 2.0 will revitalize capital and give those who are trapped in capital a second chance.” Analysis based on this information:On March 18th, a social media post by a self-proclaimed FTX creditor (@ sunil) claimed that investment bank Jefferies was reaching out to potential bidders for the restart of FTX. Jefferies is a reputable Wall Street investment bank, known for facilitating large-scale financial transactions. The post revealed that FTX JP alone has more than 40 bidders, while FTX (international version) has more. This information…

On March 12, according to the source, the traders of Jefferies, a Wall Street company, are contacting the founders of start-up companies whose funds are trapped in Silicon Valley banks to propose to purchase their deposit claims at a discount. Jefferies is contacting the start-up company in Silicon Valley, which is suffering from financial difficulties, to purchase its deposit creditor’s rights at a discount Analysis based on this information:In recent news, Jefferies, a well-known Wall Street company, is said to have reached out to founders of start-up firms whose funds are stuck in Silicon Valley banks. The financial giant is proposing to buy deposit claims from them at a discounted rate. This act, which may be seen as a helping hand to entrepreneurs, may, in reality, expose start-up owners to more financial risk. The move to purchase deposit claims may ultimately result in start-up owners taking a far lower value for funds already tied down. This would come about due…