Terms of Service

Last updated: 3 May 2026

These Terms of Service ("Terms") set the rules for qredax.com and for the services Qredax ("we") provides. When you use our website or send us a claim evaluation request, you accept these Terms.

1. Services we provide

Here is what we do for you:

• Claim evaluation - a preliminary price for your FTX bankruptcy claim, based on what you send us
• Firm prices - a formal offer to buy, once we have checked your documents
• Sale and Assignment of Claim ("SAC") execution - we draft, sign and file the SAC agreement with the FTX claims agent (Kroll) under Federal Rule of Bankruptcy Procedure 3001(e)
• Payment processing - settlement in USDT, USDC, or other agreed cryptocurrencies

2. Eligibility

To use our services, you must:

• Be at least 18 years old
• Be the lawful owner of the FTX claim you wish to sell, or have legal authority to sell on behalf of the owner
• Not be under sanctions (OFAC SDN list, EU consolidated list, UK sanctions, UN sanctions)
• Follow the laws of the country you live in

We may refuse service to anyone, at our sole discretion.

3. Claim evaluation process

An evaluation goes like this:

1. You submit your claim details through our website form
2. We go through what you sent and may ask for more documents
3. We issue a preliminary price range, typically within one business day
4. If we both agree to go on, we issue a firm price with specific terms
5. You accept the price - we draft and sign the SAC agreement
6. We file the SAC with Kroll and process payment

A preliminary price is not final: we still have to verify what you sent. A firm price holds for the period stated in the offer letter.

4. Pricing and payment

The price depends on several things:

• Claim class (Class 5A, 5B, 6A, 6B, 7, expunged)
• Claim amount
• KYC status with Kroll
• The country you live in and the risks that come with it
• What the market for FTX claims is doing right now

We pay in USDT (Tether), USDC, or another cryptocurrency we agree on, to the wallet address you give us. The firm price letter states the payment timing, and the clock starts once the SAC agreement is signed.

5. Your obligations

By using our services, you represent and warrant that:

• Everything you tell us is accurate, complete, and up to date
• You have legal authority to sell the claim
• The claim is not pledged, not sold to another buyer, and nobody else has a claim on it
• You have not previously sold or assigned the claim to any other party
• You will give us every document and signature the SAC needs
• You will not engage in fraudulent or misleading conduct
• You pay the taxes you owe where you live

6. Our obligations

We commit to:

• Quote you an honest preliminary price, based on the information we have
• Keep your submission confidential - unless the law requires us to disclose it
• Execute the SAC under Federal Rule of Bankruptcy Procedure 3001(e)
• File the SAC with Kroll within the time agreed in the firm price letter
• Pay you on the terms of the firm price letter

7. Disclaimers

The services are provided on an "as is" basis. We make no warranties, express or implied, regarding:

• The future value of your claim if you choose not to sell
• The timing or amount of any future distribution from the FTX Recovery Trust
• The success of any KYC verification process at Kroll
• Whether Kroll accepts the SAC - that is not in our hands

This is not financial, legal, or tax advice. Talk to an independent lawyer or tax adviser before you decide anything about your claim.

8. Limitation of liability

To the maximum extent the law allows, our total liability under these Terms or in connection with our services will not exceed the amount we have paid you for the SAC. If we have paid you nothing yet, it will not exceed $1,000.

We are not liable for indirect, incidental, special, consequential, or punitive damages, including lost profits, loss of opportunity, or loss of data.

9. Dispute resolution

We settle any dispute over these Terms or our services in this order:

1. Good-faith negotiation - first we talk it out directly, for at least 30 days
2. Mediation - if talking does not settle it, both sides may agree to non-binding mediation
3. Arbitration - whatever is still unresolved goes to binding arbitration where Qredax is registered

You waive the right to participate in class actions or representative proceedings.

10. Termination

We may stop working with you at any time before the SAC is signed if:

• What you sent turns out to be false or incomplete
• Sanctions screening identifies a match requiring further compliance review
• The law or a regulator requires us to stop
• You do not send the documents we need within a reasonable time

Once the SAC is signed, the SAC terms and bankruptcy law take over from these Terms.

11. Modifications

We may change these Terms at any time. The "Last updated" date at the top tells you which version is current. If you keep using our services after a change, you accept the updated Terms.

12. Governing law

These Terms are governed by the laws of the jurisdiction in which Qredax is registered, without regard to conflicts of law principles.

13. Contact

Questions about these Terms:

Email: [email protected]