Recently, the news that the former Three Arrows Capital co-founder Su Zhu is participating in the establishment of a new centralized encryption trading platform "GTX" has aroused heated discussions in the industry, and at the same time, it has also focused the industry's attention on this debt transaction for encrypted assets. market.

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How to list claims in Xclaim

enter firstXclaimOn the homepage of the official website, click "Cash Out My Crypto", and then users can list their claims on the four bankruptcy platforms of FTX, BlockFi, Celsius and Voyager on Xclaim.

If you choose FTX's creditor's rights, then fill in your email address and go to the next step.

Then improve your personal information. For domestic FTX creditors, whether to be in the United States can choose "No".

Next, list the assets in your FTX account, including the specific currency and quantity.

Proceed to the next step to provide information about the claim.

For example, has a proof of claim been filed with a claims attorney or bankruptcy court? And after August 12, 2022, will any portion of your own account balance be transferred out of that account? Each creditor can truthfully choose according to his actual situation.

However, in order for Xclaim to properly assess its claims, users are required to provide evidence of their FTX account balances and recent account activity, and should provide as many supporting documents as possible. However, since FTX users currently cannot access their accounts, creditors can also complete this document later.

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How to buy creditor's rights on Xclaim

Still continue to experience the FTX claim transaction. If the user wants to purchase the FTX claim on the Xclaim platform, he can directly click on the "Purchase Claim" option from the Xclaim homepage to enter.

It can be seen that compared with only selling creditor's rights on 4 bankruptcy platforms on Xclaim, Xclaim can provide more options for purchasing creditor's rights. In the future, creditor's rights transactions on platforms such as Silvergate, Gemini, and DCG will be launched successively.

When choosing FTX’s creditor’s rights transaction, you can first choose to view more FTX’s creditor’s rights, and then choose the one you want to buy according to the index on the left: the amount of the creditor’s rights, the area where the creditor is located, the attributes of the creditor, and the supporting documents submitted by the creditor.

After selecting OK, the user will be able to see the information about the claim provided by the creditor and even request additional due diligence.

However, the claims listed on the Xclaim platform are currently in a state of non-public bidding, and users are temporarily unable to complete a successful purchase transaction.

Finally, the steps of the Xclaim platform for encrypted debt transactions are basically as shown above. After all platform functions are opened, users can have a complete transaction experience, and at the same time help encrypted account holders bypass bankruptcy procedures and use the best possible Price honored.