FTXSale agreementFTX claim sale agreement: transferred rights and duties after payment
What to check in an FTX claim sale agreement: rights sold, earlier distributions, payment terms, the Notice of Transfer and duties after payment.
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FTX claim interest: rates, past payments and remaining rights
Contents
Short answer
The Plan’s interest rate, the percentage already distributed and a buyer’s offer percentage measure different things. A 9% rate does not mean every creditor receives another 9% of the original claim each year. A cumulative 105% or 120% is not a new unpaid balance. Check the class, dollar base, accrual period and prior distributions first.
For every percentage in a notice, identify its base and date. This guide explains where the figures come from and how to separate official payments from a purchase offer.
Key facts
- The Plan defines the Consensus Rate as 9% per annum or a lower court-approved rate. It defines a rate, not an identical payment for everyone. Section 2.1.39, PDF page 14[1]
- FTX describes different post-petition interest (PPI) periods for customer Convenience Claims and other customer claims. FTX: Distributions Dashboard FAQs[2]
- The July 17, 2026, announcement describes cumulative 105% for 5A/5B and 120% for Class 7 following the announced July 31 round. These are dated figures, not current buyout prices. FTX announcement of July 17, 2026: July 31 distribution[3]
- The Plan’s digital-asset valuation uses an approved conversion table, not current coin prices. FTX: Digital Asset Estimates[4]
Three percentages that cannot be added together
| Figure | Meaning | What it does not establish |
|---|---|---|
| PPI rate | A post-petition interest rule with a class, period and Plan conditions. | An identical annual cash payment for everyone. |
| Cumulative distribution | Relevant payments to a stated date relative to a defined base. | That the same amount remains payable again. |
| Buyer’s percentage | A way to express the price in the agreement against an agreed base. | Equality with the Plan’s rate or cumulative distributions. |
Use FTX’s PPI explanation[2] and our claim-value guide. If an offer contains only a percentage, request the actual net amount and its base.
What the Plan’s 9% rate means
9.0%
This is a short excerpt of the Consensus Rate definition, which also allows a lower court-approved rate. Class, period, base and Plan conditions are still needed.
The Plan contains available-funds and waterfall conditions. Customer 5A/5B and Convenience treatment cannot be reduced to “original claim × 9% × years”. Contract rates also matter for certain other categories. Sections 4.2, 4.3 and 7.1[1].
Check the unpaid balance of the relevant claim and the dates used. After partial payments, the accrual base follows the Plan’s unpaid-balance rule. Read the components of distributions, not just the total transfer. Section 7.1[1].
Why the accrual period differs by class
For customer Convenience Claims, FTX describes interest from the Petition Date through the Initial Distribution Date. For other customer claims, the relevant Distribution Date matters under the Plan. General unsecured and digital-asset-loan claims can also have different applicable rates. FTX: Distributions Dashboard FAQs[2].
Identify the class first. A small balance after payments does not automatically create a Convenience Claim. Another class’s timetable is not your personal forecast. Check your record using our status guide.
Why 105% and 120% are not future balances
Cumulative distribution
The July 17, 2026, announcement uses this for customer Classes 5A/5B following the announced July 31 round. “Cumulative” includes prior payments; it does not mean “you will receive another 105%”.
The same announcement gives cumulative 120% for Class 7. This is not 20% annual interest or a current price for every claim. An individual payment depends on the record and applicable conditions. FTX announcement of July 17, 2026: July 31 distribution[3].
Do not count received money twice. Compare FTX’s payment history with the records of your payout provider (distribution service provider, or DSP): arrival at the provider and a subsequent withdrawal are two movements of one payment, not two recoveries.
Two examples of checking the arithmetic
Example 1: 60% of the starting base received
Assume an allowed dollar base of $200,000 (above the $50,000 Convenience Claim limit) and total payments received of $120,000. They equal 60% of that base: 120,000 ÷ 200,000 × 100. This only checks the ratio. It does not determine future payments, their components or a purchase price.
Example 2: payments received exceed the starting base
With a $100,000 base, total payments received of $105,000 equal 105%. That alone proves neither that all rights are satisfied nor that a buyer should pay another $105,000. Check components and remaining rights in the documents. Both examples are educational, not a calculation for a particular class or a claimbao quote.
Comparing these amounts with pre-bankruptcy coins introduces a separate issue: Plan valuation uses a dollar conversion table. A rise in the coin’s market price does not itself change that dollar base. FTX: Account Balances and Transactions[5]; FTX: Digital Asset Estimates[4].
Accrued interest and cash received
Tax treatment can follow different rules. FTX has a separate explanation for US persons for US tax purposes concerning accrued but unpaid interest and Form 1099-OID. It is not a universal rule for every country. FTX: General Information on Income Tax Forms[6].
Keep the claim-rights calculation separate from the cash history. If a reported amount does not appear among transfers, establish the year and type of income. Your individual tax result depends on your own circumstances and documents.
What to check before discussing a sale
- Class and the document identifying it.
- Allowed dollar amount and its basis.
- Dates, amounts and components of prior distributions.
- Unpaid amounts and notices about pending reviews or forfeited distributions.
- The future rights, including interest, described in the proposed agreement.
At claimbao we review the claim and agree the terms of the sale in the agreement. An official distribution percentage does not determine the buyout price. claimbao: How It Works[7]. Use our document guide and official-contact navigator.
Prepare your claim details
Gather the class, amount and payment history. We will discuss eligibility and the terms of the agreement separately from official distribution percentages.
Sources
Frequently asked questions
Does FTX pay everyone 9% of the original claim every year?
No. Rate, base and period follow the Plan and class. Available funds and payment priorities also apply. Original value and elapsed years alone do not establish a promised payment.
Does 105% mean that another 105% remains?
No. In the July 17, 2026, announcement, it is a cumulative figure for the relevant classes after the announced round, including prior payments. It does not give your future balance.
Why does a buyer’s price differ from an official percentage?
A Plan distribution and a claim sale are separate processes. Establish the base, prior payments and transferred rights before comparing their figures.
Checked: November 5, 2026. The documents of the applicable proceeding determine the individual claim. Sale terms are set out in the agreement.