Business idea · Agency
Crypto Claim Advisory Service
Crypto Claim Advisory Service is an advisory service that specializes in helping individuals and businesses navigate the complexities of claiming assets from bankrupt crypto exchanges, like FTX and Mt. It was pitched on My First Million in the episode "How To Turn $100K into $4,000,000 with Distressed Investing" (aired September 19, 2025).
At a glance
| Podcast | My First Million |
|---|---|
| Hosted by | Sam Parr and Shaan Puri |
| Episode | How To Turn $100K into $4,000,000 with Distressed Investing |
| Aired | September 19, 2025 |
| Category | Agency |
| Real companies on the episode | Oaktree Capital, Fairlawn Capital, Mercury, FTX, Funcom, Ethnicity Energy |
The problem it solves
Many individuals are unaware of their rights and the processes required to claim their assets in bankruptcy situations. This service would simplify the process, ensuring that clients maximize their recoveries.
How it makes money
The advisory service could charge clients a flat fee for consultations or a percentage of the recovered amount, aligning the service's success with that of its clients.
Skills you need
Essential skills would include legal expertise in bankruptcy law, experience in financial advisory, and strong negotiation skills.
The market, and why this works now
The recent implementation of the EU's Markets in Crypto-Assets Regulation provides a framework for consumers to understand their rights when dealing with bankrupt crypto exchanges. This advisory service can target relevant communities on platforms like Reddit, specifically the r/CryptoCurrency subreddit, to attract individuals seeking assistance with asset recovery. A potential risk includes the high cost of legal expertise and the time-intensive nature of navigating bankruptcy claims, which may affect the service's scalability and profitability.
Our analysis, written after the episode. Not a quote from the show.
Real companies discussed on this episode
- Oaktree Capital
Oaktree Capital is a leading global alternative investment management firm specializing in credit strategies.
- Fairlawn Capital
Fairlawn Capital is an investment firm that focuses on distressed and opportunistic credit investments.
- Mercury
A financial technology company providing banking solutions tailored for startups, allowing easy management of payroll and transactions.
- FTX
FTX was a cryptocurrency exchange that went bankrupt, leading to a significant distress investment opportunity.
- Funcom
A company that was involved in a receivership process due to financial distress, which the speaker managed.
- Ethnicity Energy
A company dealing with restricted physical shares, which the speaker invested in by purchasing shares from individuals.
Where this idea came from
Podcast: My First Million, hosted by Sam Parr and Shaan Puri
Episode: How To Turn $100K into $4,000,000 with Distressed Investing
Aired:
Summarized from the episode transcript. The show does not say which speaker raised each idea, so we credit the show, not a person.