Short definitions for the legal, finance, and crypto terms used in Paxtibi articles.
Bankruptcy, settlement, court, and claim-sale words used across Paxtibi articles.
Terms used in the House v. NCAA settlement guide and related claim-sale analysis.
Trading, lending, token, and market-structure terms used in crypto recovery articles.
Terms used in account recovery, dormant asset, and unclaimed property articles.
Terms used in BitMart, exchange wind-down, and creditor organization articles.
You can transfer your right to a future NCAA House Settlement payment to a claim buyer in exchange for immediate cash, usually at a discount to the claim’s face value. The process involves verifying your Claim ID and eligibility, agreeing on a purchase price, and signing a claim assignment agreement, often with funds held in escrow until the transfer is confirmed.
An approved claim has been reviewed and accepted by the trustee, administrator, or court, and is on track for payment. A disputed claim has been formally challenged and must be resolved through negotiation or a court ruling before it can be paid, which usually means a longer wait and, if sold, a larger discount.
Timing varies significantly by case and can range from several months to multiple years. It depends on the complexity of the bankruptcy or settlement, whether the claim is disputed, and the distribution schedule set by the court or administrator.
It can be safe if the buyer is transparent about its process, discloses its fee or discount clearly, uses an escrow arrangement, and does not ask for upfront payment from you. Always verify a buyer’s legitimacy and cross-check any claim or case details against official court or settlement administrator records before transferring ownership. Read how to verify a claim buyer is legitimate.
Typically, you need proof of your original account or claim, such as a proof-of-claim filing or exchange account records. You may also need identification for KYC purposes and a signed claim assignment agreement transferring ownership to the buyer.
In a class action, your claim is grouped with other eligible class members. Payment depends on the settlement fund, the claims process run by the settlement administrator, and final court approval. You usually cannot negotiate your payout individually, but you may still be able to sell your right to receive that future payment to a claim buyer.
Yes. Some settlements, including the NCAA House Settlement, are structured to pay eligible claimants over an annual payment cycle across several years rather than in one lump sum. That delay is one reason claimants may consider selling a claim for immediate cash instead.
Proof of reserves is evidence, ideally independently verified, that a crypto exchange or custodian holds enough assets to cover what it owes customers. It matters because weak or missing reserve evidence can make it harder for customers to assess platform risk or recovery credibility after a failure.
