FTX Creditor FAQ
Disclaimer: Our company handles assets related to the FTX bankruptcy process.
All materials on this website are for informational purposes only and should not be construed as legal, investment, or financial advice.
FTX Claims value
How do I find out the value of my claims?
- The value of your claim is estimated at the time of FTX’s bankruptcy filing (the official court filing date). For clients of FTX International (ftx.com), this occurred on November 11, 2022, at 10:00 AM ET. Reclaim Capital provides an estimated value of your claim in US dollars based on data published by the debtor on December 27, 2023. These data are available in the official case files. All amounts provided by Reclaim Capital are estimates of the potential final value of your claim in US dollars.
- Please note: any information regarding bankruptcy proceedings and the law is provided for informational purposes only and does not constitute legal or financial advice. Any interpretations of the Bankruptcy Act or the case process expressed reflect the opinions of the Reclaim Capital team, not the position of your attorneys. We do not make judgments about the fairness of the process or the court’s decisions. Our comments are based solely on our analysis of documents published in the FTX registry and our understanding of the provisions of Chapter 11 of the U.S. Code
I have a small claim ($10,000 or less). What happens?
In this case, you will be able to receive a one-time payment if your jurisdiction allows it and you are on the list for the next distribution.
My claim status is "Disputed" or "Conditional." What does this mean?
- If your claim is related to locked tokens, it is typically marked as “Conditional.” Many users staked FTT tokens to obtain SRM_Locked, so their accounts were automatically assigned this status.
- If your claim is marked “Disputed,” this means the FTX Estate manager is questioning its validity. There is currently no definitive confirmation as to whether this will result in the claim being dismissed entirely or a compromise solution will be reached.
I am selling my rights to FTX.
What recommendations can you give when selling requirements?
Selling claims is a process that requires care and attention. Here are some recommendations from Reclaim Capital:
- Don’t give in to pressure and don’t agree to deals if you feel you’re being deceived or the terms aren’t right.
- Avoid platforms that operate without transparent legal procedures.
- Avoid signing contracts with brokers if the terms of the deal are unclear or include lengthy “price confirmations”—this is often a sign of inflated commissions.
- For small and medium-sized claims, we recommend using our Reclaim Capital platform—you’ll receive a fair price and a secure transaction without intermediaries.
What price can I expect for my claim?
Each requirement is highly individual, with many factors to consider,
which can significantly impact the price. Contact us and we’ll help you evaluate your claim.
Write to Telegram: @ReclaimCapital
Who is the buyer and how to contact you?
- For small and medium-sized claims (up to USD 500,000), we provide a preliminary estimate within 12 hours and close the deal in 1-2 days on average.
- For larger claims, we partner with trusted institutional investors and funds.
Contact us at info@reclaim-capital.com or write to us on Telegram: @ReclaimCapital and our team will help you find the best solution.
Other matters related to the bankruptcy of FTX
How many creditors are there in total FTX?
There are over 2,000,000 registered client accounts across all FTX divisions, and there are also a number of other lenders who are not clients of the platform.
What portion of the payments are likely to be received by clients and unsecured creditors FTX?
Clients are expected to recover approximately 90% of their funds (minus fees retained by managers), according to preliminary estimates. Unsecured creditors, who are not clients, are likely to receive approximately 10% of the total recovery.
For example, if FTX’s heirs are returned $2 billion from the sale of assets, $1.8 billion will be distributed among clients
and $0.2 billion will be distributed among unsecured creditors.
What do we think about FTX 2.0 and the Recovery Token?
We support the idea of relaunching FTX and issuing a token to compensate creditors,
but there is no reliable data on this at this time.
About Reclaim Capital
Who are we?
Reclaim Capital is a team of FTX creditors dedicated to helping others navigate the bankruptcy process and maximize their claims. We focus on small and medium-sized creditors, helping them obtain fair compensation without unnecessary risks and bureaucracy.
Is it possible to sell my rights through you?
Yes! For small and medium-sized requirements, simply submit a request on our website – we’ll contact you and explain the sales process
and available terms.
For larger claims, please contact us on Telegram: @ReclaimCapital or by email at info@reclaim-capital.com , and we’ll offer a personalized solution.