Zhu Su: “FTX 2.0 will revitalize capital and give those who are trapped in capital a second chance.”

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.

Interpretation of this information:

On March 18th, a social media post by a self-proclaimed creditor of FTX revealed that Jefferies, a prominent investment bank from Wall Street, is reaching out to possible bidders to revive the FTX platform. The disclosure also revealed that FTX JP alone has over 40 bidders, while FTX international has even more. The platform’s most valuable assets for the bidders are the 9.7 million users and 1.4 million creditors on the FTX platform.

FTX is a cryptocurrency exchange platform that offers derivatives trading to its users worldwide. The platform went down in December 2019 when one of its founders, Sam Bankman-Fried, revealed that the funds had been used for market-making operations without the knowledge of other stakeholders. Investors and creditors of FTX had been left in a lurch since then, wondering about the fate of their investments.

The revelation that Jefferies is reaching out to bidders for the revival of FTX has brought renewed hope for creditors and investors of the platform. The fact that FTX JP alone has over 40 bidders is also indicative of the strong interest in the potential profits that the platform can provide.

One of the most significant assets of FTX, according to the bidders, is the vast user base of the platform. With 9.7 million users, the platform has established itself as a robust cryptocurrency exchange platform with a large following. This user base can potentially translate into significant profits for the bidders who take over the platform.

The creditors of FTX are also a valuable asset for the bidders. With 1.4 million creditors, the platform has a large base of stakeholders who would be keen to see their investments recover. The fact that these creditors are still invested in the platform indicates their belief in the potential of the platform to recover.

In conclusion, the disclosure that Jefferies is reaching out to potential bidders for the revival of FTX is a promising development for investors and creditors of the platform. With over 40 bidders for FTX JP alone and a vast user base and creditor base, FTX has valuable assets that can translate into significant profits for the buyers. The three keywords that summarize this message are FTX, Jefferies, and assets.