Sell Your FTX Claim

Yes. Qredax is a direct buyer, not a marketplace or a broker. It buys FTX claims from creditors under a written SAC and pays when the SAC is signed. Once the transfer is recorded on the claims register, Qredax is the holder of record. Qredax charges sellers no fees and pays the $28 court transfer fee itself.

Yes. The FTX Recovery Trust withdrew its restricted jurisdiction motion in November 2025, and 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 the full step-by-step guide

Your offer depends on the claim's class and status, any distributions already received, and the rights included in the sale. For claims with no distributions yet, the offer is a percentage of face value; if FTX has already paid part of the claim, it is a percentage of the amount still to be paid. Compare the amount you would receive, not just a percentage of the original claim. Request a free assessment for an individual price.

How FTX claim pricing works

Read more: FTX Recovery Trust payout schedule 2026

You do not need to complete FTX KYC before selling. Claims with incomplete or failed KYC, a dispute or an expungement are reviewed case by case and valued differently.

KYC before selling an FTX claim

Qredax pays when the SAC is signed; the transfer becomes final after it is registered.

The FTX Recovery Trust announced a cumulative 105% for Class 5A claims after the fifth distribution (July 31, 2026); that figure includes earlier rounds and is not an amount still due on every claim. Further distributions are expected, but the Trust has not announced a final percentage or a schedule. Creditors can also face delays from KYC and provider access. Selling now gives you a settlement in USDT at a discount; waiting may yield more in total, but over several years and with KYC and eligibility risk. We do not recommend either option universally - it depends on your position size, jurisdiction and liquidity needs. Read more: Detailed Recovery Trust schedule

A legitimate purchase runs on a written Sale and Assignment of Claim (SAC) agreement, followed by a Notice of Transfer filed with the court in case 22-11068. 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," and pays in the agreed token after the agreement is signed. Once the transfer completes, Kroll, the court-appointed FTX claims agent, records it in the public claims register, 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, or pressure to act within hours.

Qredax works exactly this way: written SAC, open to your counsel's review, you pay us nothing, 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 FTX Customer Portal (claims.ftx.com) 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 (General Unsecured Claims), Class 6B (Digital Asset Loan 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. The SAC itself is not filed with the court: under Bankruptcy Rule 3001(e), a Notice of Transfer of Claim is filed on the public Chapter 11 docket, and Kroll (the FTX claims agent) validates the transfer. 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.

It depends on what the claims register shows. If the claim was transferred formally (a Notice of Transfer was filed in the bankruptcy case and the register shows the new holder), the new holder can sell it like any other claim. If only the account changed hands, the original holder is still the holder of record: FTX states that changing the account email does not change who owns the account or the claim. In that case the original holder has to take part and sign the transfer documents; without them, we do not buy the claim.

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. Selling a disputed FTX claim

The transfer leaves a public record: a Notice of Transfer is filed on the court docket. In the public notices we reviewed, the seller's name and address were withheld or redacted, the buyer and the transferred share were visible, and no numerical purchase price was stated. Kroll receives the unredacted version to validate the transfer. A redacted name is not a guarantee that nobody can connect the filing with information from another source. NDAs between us further restrict what we can share.

A rejected KYC result needs separate review. The reason given in the notice matters. We can assess the case before confirming whether we can make a purchase offer.

Options after an FTX KYC rejection

The signed SAC fixes the price, the payment terms and each party's obligations in writing. The transfer is then filed on the public bankruptcy docket; Kroll validates it and sends notice, which starts a 21-day objection period. Recording the transfer does not by itself rule out every dispute: any attempt to reverse a sale depends on the agreement, the facts and applicable law. Our SAC states when and how you are paid, and you do not hand over signed documents without the payment terms agreed in writing.

Check your claim at claims.ftx.com - the official FTX Customer Portal shows your claim amount, KYC status and distribution steps. The public claims register is on the Kroll docket: restructuring.ra.kroll.com/FTX.

claims.ftx.com is the official Customer Portal (KYC, tax forms, payout steps). Court filings and the claims register live on Kroll: restructuring.ra.kroll.com/FTX.