Review, Evaluate,
and Sell Your
FTX Claim.

Yes. The FTX Recovery Trust withdrew its restricted jurisdiction motion in November 2025, and CIS creditors can legally transfer their positions to a non-restricted holder via a SAC (Sale and Assignment of Claim) agreement. The restriction follows the holder, not the position itself - so once Qredax becomes the holder of record at Kroll, it is treated as a normal Class 5A claim with no jurisdictional limitations on payout. Read more: Full guide for CIS creditors →

Pricing depends on the position's type and status. Clean Class 5A claims trade at 90-95% of face value. Class 7 claims (subordinated) at 80-85%. Positions stuck in KYC verification at 70-80%. Those from restricted jurisdictions (Russia, Belarus) at 50-60%, because the buyer takes on the transfer risk. We provide a free, no-obligation evaluation after reviewing the details and supporting documentation. Read more: FTX Recovery Trust payout schedule 2026 →

No. You can sell your position even if your KYC at Kroll is rejected, stuck in processing, or you have not started it. Qredax completes KYC as the new holder of record. This is one of the main reasons CIS creditors choose to sell - the KYC process for non-US passports has been blocking payouts for over a year, and selling avoids that bottleneck on the seller's side. Read more: Why Kroll KYC fails for non-US passports →

Settlement in USDT is initiated after the SAC agreement is signed. The full process from first contact to receiving funds typically takes a few business days: position review, offer issuance, document signing, and settlement after the assignment is recorded. We may settle before the formal transfer is registered with Kroll, depending on the agreement, so the holder does not need to wait for the docket to process the assignment.

The FTX Recovery Trust has paid approximately 96% of Class 5A claims after the fourth distribution (March 31, 2026), with a projected total recovery of 118-120% and remaining distributions expected through 2027 and beyond. CIS creditors face additional delays from KYC restrictions. Selling now provides a structured settlement in USDT at a discount; waiting may yield a higher total but with multi-year delays, KYC risk, and exposure to BTC/SOL price changes the Trust holds. We do not recommend either option universally - it depends on your position size, jurisdiction, and personal liquidity needs. Read more: Detailed Recovery Trust schedule →

A legitimate purchase runs on a written Sale and Assignment of Claim (SAC) agreement filed with Kroll, the court-appointed FTX claims agent. What you can actually verify is the transaction, not a company's name: a real buyer signs a formal SAC, lets your own lawyer review it first, never asks for an upfront fee or a "verification deposit," never needs your Kroll portal password or email login, and pays in the agreed token after the agreement is signed. Once the transfer completes, it is recorded on the public Kroll docket, so there is an independent record of the purchase.

Real red flags: any request for upfront payment, payment to a personal wallet, refusal to use a written SAC, pressure to act within hours, or anyone asking for your portal password or account access.

Qredax works exactly this way: written SAC, open to your counsel's review, no upfront fees, no request for your login, payment after signing, and every completed assignment on the Kroll record.

Required: your Kroll Unique Customer Code (from the email titled "Your Scheduled Claim Information and Unique Customer Code"), a copy of your passport, and a screenshot of your Kroll claim portal showing claim amount and class. Optional but useful: original FTX account screenshots, KYC submission status, and any correspondence with Kroll. We sign an NDA before you share documents.

We buy Class 5A (Dotcom Customer Entitlement Claims), Class 5B (US Customer Entitlement Claims), Class 6A and 6B (General Unsecured Claims), and Class 7 (Convenience Class). We also buy expunged claims at a discount, because some can be reinstated through Rule 60(b) motions or appeal procedures we monitor.

SAC stands for Sale and Assignment of Claim - the standard legal document used to transfer FTX bankruptcy claims between holders. It records the buyer, the seller, the claim amount, and the agreed price, and is filed with Kroll (the FTX claims agent) under Bankruptcy Rule 3001. SAC protects both parties: the seller has documented proof of sale; the buyer becomes the holder of record and receives all future distributions. Qredax never uses informal off-document deals - every transaction is on a SAC reviewed by both parties' counsel if desired.

Yes. Partial assignments are legally permitted under Bankruptcy Rule 3001(e). For example, you can sell 50% of a $100,000 claim and keep the other 50%. The SAC documents the percentage transferred. Most sellers prefer full assignment because partial assignments add administrative complexity at distribution time, but partial sales make sense if you want immediate liquidity for part of the position while keeping exposure to potential upside on the rest.

If you bought your claim from someone else (or sold your account before the bankruptcy) without going through a formal SAC, the situation is more complex. We need to verify the underlying position is yours through documentation - original FTX account screenshots, transaction history with the previous owner, KYC alignment. In most cases we can still purchase, but at a discount reflecting the verification risk. We do not buy positions where ownership cannot be reasonably proven.

Tax treatment depends on your jurisdiction and claim history. In many CIS jurisdictions, sale proceeds are treated as income from disposal of a debt right, taxed at the standard income rate. In some cases, if you are below your original FTX deposit amount, the sale may be classified as a partial loss recovery rather than income. We strongly recommend consulting a local tax advisor before signing the SAC. Qredax does not provide tax advice and does not file any tax forms on behalf of sellers.

Disputed claims (where the FTX Recovery Trust has filed an objection) can still be sold, but pricing reflects the elevated legal risk. The buyer takes on the burden of defending or settling the dispute. Common dispute reasons include unclear ownership history, missing FTX records, or positions that overlap with other creditors. If your claim is in dispute, send us the objection notice from Kroll and we can quote a price that accounts for the specific risk involved. Read more: Expunged FTX claims and Rule 60(b) reinstatement →

No public disclosure of your identity is made. SAC filings with Kroll are not searchable by name - the registry uses Unique Customer Codes which cannot be reverse-mapped to individuals. The transfer appears on the court docket as a numbered Notice of Transfer of Claim, which lists the claim ID, sale price, buyer, and seller name. Court dockets are public but the volume is large (tens of thousands of transfers) and rarely searched by name. NDAs between us further restrict what we can share.

Your position is still sellable. The buyer becomes the holder of record once the Sale and Assignment of Claim is filed with Kroll, and runs KYC under their own legal entity. Your KYC status with Kroll becomes irrelevant to the transfer. We have processed positions where the original holder's KYC had been rejected outright or pending for over 6 months - the SAC route resolves that bottleneck on the seller's side. Read more: Three structural reasons KYC fails - full breakdown →

Every SAC we sign is registered with Kroll on the public bankruptcy docket within days. Once filed, the ownership transfer becomes part of the public court record and cannot be reversed unilaterally by either party. Payment is released before or simultaneously with the SAC filing - you do not transfer signed paperwork without payment in hand. If a buyer attempted to retract after filing, the docket entry would conflict with the claim record at Kroll, providing a documented basis for legal recourse. The SAC mechanism is the same one used industry-wide under Federal Rule of Bankruptcy Procedure 3001(e).