Sell Your FTX Claim

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. 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 can request an assessment while your FTX KYC is incomplete. Whether a sale can proceed depends on the claim, the applicable process and the checks required for the transaction.

KYC before selling an FTX claim

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 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 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," 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, 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 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 (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, 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. 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.