PAXTIBI Turns FTX Claims into Liquidity for Creditors in Restricted Markets

PAXTIBI, a prominent player in the cryptocurrency claims trading market, has launched an innovative distribution processing solution designed to streamline the handling of FTX bankruptcy creditor claims. The platform specializes in providing liquidity to FTX customer claim holders by facilitating the sale and monetization of these claims. As a leading claims agent, PAXTIBI offers faster processing times, competitive market pricing, and a broad range of payment options—including cryptocurrencies like BTC, ETH, and XRP, stablecoins such as USDT and USDC, and fiat currencies.

The solution caters to all major FTX entities involved in the bankruptcy proceedings, including FTX Com, FTX Bahamas, and FTX Disputed claims. It is particularly relevant for creditors in restricted jurisdictions such as Ukraine, China, Russia, and others who may face challenges in accessing traditional financial systems. PAXTIBI provides a 24-hour FTX claims price quote and a streamlined, five-step process that includes claim evaluation, acceptance of market offers, KYC verification, digital contract signing, and payment settlement. This approach allows creditors to quickly convert their claims into liquidity without waiting for the full resolution of the bankruptcy case [1].

In terms of performance, PAXTIBI has already facilitated over $50 million in FTX claims trading, serving more than 300 FTX customer claim holders globally. The firm's expertise in FTX claims trading spans multiple entities, including FTX US, FTX International, and Alameda Research. The company emphasizes its role as an alternative to other claim trading platforms, offering superior pricing and faster settlement options, particularly through cryptocurrency [1].

The FTX bankruptcy process, overseen by Kroll in the restructuring of FTX Trading Ltd., involves a complex framework of claim processing, legal proceedings, and customer bar date notices. As part of the Chapter 11 plan, customer claims under $50,000 are projected to receive 119% of their petition date value within 60 days, according to current recovery outlooks. Larger claims may benefit from continued asset monetization and potential crypto price appreciation through the liquidating trust [1].

PAXTIBI's approach to claims trading aligns with the broader market demand for efficient and secure financial services in the post-FTX landscape. The firm's commitment to transparency and compliance is reflected in its use of Sum Sub for KYC verification and DocuSign for contract signing. By leveraging these tools, PAXTIBI aims to build trust with creditors through a secure and transparent claims trading process [1].

The launch of PAXTIBI’s new distribution processing solution underscores the evolving dynamics of the cryptocurrency claims market. As FTX creditors seek to recover value from their claims, platforms like PAXTIBI offer a structured and reliable option to convert these claims into immediate liquidity. With its robust infrastructure and customer-focused services, PAXTIBI is positioned to play a key role in the ongoing FTX bankruptcy proceedings [1].

Source: [1] Sell FTX Claims | Buy FTX Bankruptcy Claims | FTX Claims (https://paxtibi.xyz/)