Updated October 6, 2026 · 5 min read

FTX payout blocked in Egypt: why, and what to do

Short answer

Not through step 8 while you live in Egypt: FTX's list as of October 1, 2026 says creditors resident in Egypt cannot select BitGo, Kraken or Payoneer, and FTX gives no date for a change. You can wait for an FTX update or sell your claim, after which FTX pays the buyer. ClaimBao buys FTX claims from creditors in Egypt and pays in USDT or USDC.

Creditors in Egypt can log in to the FTX claims portal, pass KYC and fill in the tax form, and the payout still doesn’t arrive. Everything stops at step 8.

Where the payout stops

FTX pays only through BitGo, Kraken and Payoneer, and choosing one is step 8 of the claims portal. FTX’s support page lists Egypt among the jurisdictions whose residents can’t select any of them.

Egypt isn’t a sanctioned country, and Saudi Arabia, Qatar and Kuwait are on the same list. The block depends only on where you live: residents of these countries have no provider to choose at step 8.

What creditors in Egypt should know

Egypt has been blocked since before payouts began. In January 2025, a month before the first FTX distribution on February 18, 2025, press reports said creditors in Egypt, Iran, Nigeria, Ukraine, China, Russia and Saudi Arabia could not receive payouts through BitGo or Kraken.
Press reports on the FTX Recovery Trust's July 2025 motion on 49 'potentially restricted' jurisdictions named Egypt among them. The Trust withdrew the motion on November 3, 2025, with the right to refile.
Article 206 of Egypt's Central Bank and Banking Sector Law No. 194 of 2020 bans issuing, trading or promoting cryptocurrencies, and running platforms for them, without a licence from the Central Bank of Egypt (CBE).
In a September 2022 warning, the CBE said that breaking this rule can lead to prison and a fine of EGP 1 million to 10 million, or one of the two.
In March 2021 the CBE said that transactions in Egypt's banking system are limited to currencies officially accredited by the CBE, and warned bank customers against cryptocurrencies.

The deadline

FTX says a creditor who doesn’t onboard with a payout provider within six months of the July 31, 2026 distribution may lose the right to their distributions. That window closes around January 31, 2027.

Two ways forward

Wait. FTX gives no date for a provider in Egypt. If you can’t finish step 8 before the window closes (around January 31, 2027), you may lose the right to your payouts, so waiting can end with nothing.
Sell your claim. ClaimBao buys FTX claims from creditors in Egypt who pass KYC and pays in USDT or USDC. After the transfer, FTX pays us, so step 8 is no longer your problem.

First, see how much FTX owes you

Enter your Customer Code: we’ll show your tokens and the total from the public creditor list.

How selling works

Send us your FTX Customer Code and the claim amount, and we reply with a price. Then KYC, the transfer agreement and the notice of transfer in the US bankruptcy court. USDT or USDC reaches your wallet on the date in the agreement.

In detailHow a deal with ClaimBao works

Questions

Can I get my FTX payout if I live in Egypt?

Not through the FTX claims portal for now. As of October 1, 2026, none of FTX’s payout providers (BitGo, Kraken, Payoneer) is available in Egypt, so creditors there can’t complete step 8. The way to get money for the claim is to sell it: ClaimBao buys FTX claims from creditors in Egypt and pays in USDT or USDC.

Who buys FTX claims from creditors in Egypt?

ClaimBao (claimbao.com) buys FTX claims from creditors in Egypt who pass KYC and pays in USDT or USDC. The transfer is registered with the US bankruptcy court, and after that FTX pays the buyer, so the seller doesn’t need a payout provider in Egypt. Support is in English, Russian and Chinese.

How do I sell my FTX claim from Egypt?

Send ClaimBao your FTX Customer Code and the claim amount through the form on claimbao.com, Telegram, WeChat or email, and you get an indicative price. Then come online KYC, a transfer agreement with the final price and payment date, and the notice of transfer in the US bankruptcy court. USDT or USDC reaches your wallet on the date in the agreement.

What happens to my FTX claim if I miss the step 8 deadline?

FTX says creditors who don’t onboard with a payout provider within six months of the July 31, 2026 distribution may lose their distributions. That window closes around January 31, 2027, and FTX hasn’t said when, or whether, a provider will appear for Egypt. Selling the claim before then avoids that risk.

How much can I get for my FTX claim in Egypt?

Less than the full claim amount, because the buyer takes on the waiting and the risks. ClaimBao prices a claim by its class and amount, how much FTX has already paid and how long the buyer will wait for payouts. The final price is written in the agreement before you sign, and asking for a price is free.

Is it safe to sell an FTX claim to ClaimBao?

The sale is a claim transfer registered with the US bankruptcy court (Rule 3001(e)), and you see the agreement and the court notice before you sign. ClaimBao never asks for passwords, 2FA codes, seed phrases or any prepayment; to pay you it only needs your wallet address.

Find out what your claim is worth.

Send the details and we reply with an indicative quote. It’s free and you’re not committing to anything.

Get my offer →

Sources

This guide is general information, not legal advice.