FAQ
When does Qredax pay?
When the SAC is signed, in the currency you choose. The transfer becomes final later, after it is registered.
Who pays the court fee?
Qredax pays the $28 court transfer fee and charges sellers no fees.
Can I sell if my country has no FTX payout provider?
Yes. The lack of a payout provider restricts distributions, not a transfer of the claim under Bankruptcy Rule 3001(e). Qredax does not buy where sanctions prohibit the deal.
Do I need to finish FTX KYC before selling?
No. Claims with incomplete or failed KYC are reviewed case by case and valued differently.
What happens if the claim is reduced after the sale?
If, after the sale, the claim is objected to, reduced or disallowed, or receives smaller or later distributions than other claims of its class, you repay, at Qredax's request, the price paid for the affected part: its amount times the purchase rate. If the court does not approve the transfer, you return the full payment. You also cover Qredax's related losses, including legal costs. Read this part of the SAC before you sign.