Selling Your FTX Claim: A Step-by-Step Guide

Discover the process of selling your FTX claim with this comprehensive step-by-step guide.

Understanding FTX Claims

FTX claims refer to the legal rights that investors have in relation to their investments on the FTX platform at the time of the collapse.

To view your FTX claim, you need to be able to log into Kroll Claims Portal, this is where all FTX accounts are now located. Be prepared to provide proof of funds as well as any relevant legal documents. 

By understanding the nature and extent of your FTX claim, you will be better equipped to evaluate its value and find potential buyers.

Evaluating Your FTX Claim

Before selling your FTX claim, it is crucial to evaluate its potential value. This involves assessing various factors, such as the amount of your claim, the assets contained, and the likelihood of recovery.

To evaluate your FTX claim, you can consider the following steps:

1. Calculate the amount of your claim: Review your records, transaction history, and any relevant documentation to determine the monetary value of your claim.

2. Assess the strength of your claim: Are you a business or retail user? Did you KYC on the account before the collapse. If you are having KYC issues please contact Kroll, your claim is stronger if you fully verified your identity.

3. Consider the likelihood of recovery: Evaluate the recovery of assets and the availability of funds to satisfy your claim. If the platform is facing financial difficulties with recovering all the funds, it may impact the likelihood of recovering the full amount of your claim.

By conducting a thorough evaluation of your FTX claim, you can determine its potential value and make informed decisions about its sale.

Finding a Buyer for Your FTX Claim

Once you have evaluated your FTX claim and decided to sell it, the next step is to find a buyer. We have created a list of verified buyers of FTX Claims.

When looking for a buyer, consider the following tips:

1. Only work with Verified Buyers - we only recommend firms who are legitimate buyers of FTX claims or we have dealt with directly selling our own FTX claim. 

2. Talk to former FTX Creditors - we can verify that we are FTX account holders, if you are dealing with anyone - ask them what their claim number is and check it against the Kroll Claims Portal

3. Engage professional assistance: Consider hiring us or another matchmaking portal to get a proper introduction

By actively searching for buyers and leveraging professional assistance, you can increase the likelihood of finding a suitable buyer for your FTX claim.

Negotiating the Sale of Your FTX Claim

Once you have found a potential buyer for your FTX claim, the next step is to negotiate the terms of the sale. This involves discussing the price, payment terms, and any conditions or contingencies that may apply.

During the negotiation process, consider the following tips:

1. Determine your desired price: Set a realistic price for your FTX claim based on its evaluated value. Consider factors such as the strength of your claim, the potential recovery amount, and the buyer's perceived risk.

2. Be open to negotiations: Understand that the buyer may have their own valuation and negotiation strategy. Be willing to engage in constructive discussions and find a mutually beneficial agreement.

3. Seek advice: Consult with us if you are currently in the process of selling your FTX claim.

By negotiating the sale of your FTX claim, you can maximize your returns and ensure a smooth transaction.

Completing the Sale of Your FTX Claim

Once you have reached an agreement with a buyer, the final step is to complete the sale of your FTX claim. This involves finalizing the sale agreement, transferring the legal rights to the buyer, and receiving payment for your claim.

To complete the sale of your FTX claim, consider the following steps:

1. Review the claim transfer agreement: Our verified buyers provide the legal document for signature. It is important that you review this to confirm your information is correct, the claim amount you are transferring is correct, and the price that you are receiving.

2. Transfer the legal rights: Follow the necessary legal procedures to transfer the ownership of the FTX claim to the buyer. This  involves signing legal documents and returning them to the buyer. These are then submitted to Kroll and the Estate to notify them of the transfer of the claim.

3. Receive payment: Ensure that the buyer fulfills their payment obligations as per the agreed-upon terms. Consider using secure payment methods to minimize the risk of fraud or non-payment.

By completing the sale of your FTX claim, you can successfully monetize your investment and move forward.