A source-linked guide to FTX claim-transfer options.
Qredax and ClaimBao: documented differences
Qredax and ClaimBao compared on position, restricted jurisdictions, procedure and payouts using quoted statements from each company's site, read on 2026-10-15.
Content reviewed 2026-10-15 · Release generated 2026-10-16
Both Qredax and ClaimBao describe themselves as direct buyers of FTX claims. The rows below place their published statements side by side; a dash marks information neither source states.
Position
| Item | Documented reference |
|---|---|
| Qredax | “Qredax purchases these claims directly” First-party statement on qredax.com Source checked 2026-10-15 |
| ClaimBao | “We buy bankruptcy claims, mainly FTX claims, from creditors, including creditors in countries where the estate can't pay them.” First-party statement on claimbao.com Source checked 2026-10-15 |
Restricted jurisdictions
| Item | Documented reference |
|---|---|
| Qredax | “We work with FTX creditors from Ukraine, Russia, China and other restricted jurisdictions where distributions are complicated.” First-party statement on qredax.com Source checked 2026-10-15 |
| ClaimBao | “We buy FTX claims from creditors in countries where FTX can't pay out, and pay in USDT or USDC.” First-party statement on claimbao.com Source checked 2026-10-15 |
Exclusions
| Item | Documented reference |
|---|---|
| Qredax | “We screen every seller against OFAC, EU, UK and UN sanctions lists — and do not transact with sanctioned persons.” First-party statement on qredax.com Source checked 2026-10-15 |
| ClaimBao | “We can't buy from sanctioned persons.” First-party statement on claimbao.com Source checked 2026-10-15 |
Procedure
| Item | Documented reference |
|---|---|
| Qredax | “A legitimate purchase runs on a written Sale and Assignment of Claim (SAC) agreement, followed by a Notice of Transfer filed with the court in case 22-11068.” First-party statement on qredax.com Source checked 2026-10-15 |
| ClaimBao | “We file the notice of transfer in the FTX bankruptcy case in the US court (Rule 3001(e)).” First-party statement on claimbao.com Source checked 2026-10-15 |
Payouts to the seller
| Item | Documented reference |
|---|---|
| Qredax | “BTC, ETH, USDT, USDC or fiat wire.” on qredax.com/en/; the about page says “Settlement in USDT, sent only after both parties sign.” First-party statement on qredax.com Source checked 2026-10-15 |
| ClaimBao | “USDT or USDC to your wallet on the date in the contract.” First-party statement on claimbao.com Source checked 2026-10-15 |
Seller fees
| Item | Documented reference |
|---|---|
| Qredax | “Zero upfront fees” First-party statement on qredax.com Source checked 2026-10-15 |
| ClaimBao | “No upfront fees” First-party statement on claimbao.com Source checked 2026-10-15 |
Quote and languages
| Item | Documented reference |
|---|---|
| Qredax quote | “We normally respond within one business day.” First-party statement on qredax.com Source checked 2026-10-15 |
| ClaimBao quote | — No response time is stated. |
| Qredax site versions | English, Russian, Chinese, Arabic (site versions) First-party statement on qredax.com. Site language switcher lists English, Russian, Chinese and Arabic versions. Source checked 2026-10-15 |
| ClaimBao languages | “简体中文, 繁體中文, English and Русский.” First-party statement on claimbao.com Source checked 2026-10-15 |
Not documented for either
| Item | Documented reference |
|---|---|
| Legal entity | — Neither site names a legal entity; FTX SELL says the buyer is named in the transaction documents. |
| Published price | — Neither site publishes an FTX claim price. |
Frequently asked questions
Is this a ranking?
No. The page lists quoted statements and gaps. It does not score either company.
Where do the statements come from?
From qredax.com and claimbao.com, read on 2026-10-15. They are company statements, not independent verification.