Welcome to the Quantstamp Fair Fund website

If you purchased or acquired QSP tokens (the “Security”) from October 1, 2017, through July 20, 2023 (the “Relevant Period”), you must complete and submit a Claim Form on or before 11:59 p.m. Eastern Standard Time (“EST”) on April 10, 2025 (the “Claims Bar Date”). If you choose to submit a Claim Form by mail, the completed Claim Form must be postmarked (or if not sent by U.S. Mail, received) by the Claims Bar Date.

BACKGROUND

On July 21, 2023, the Securities and Exchange Commission (the “SEC”) instituted and simultaneously settled cease-and-desist proceedings (the “Order”) against Quantstamp, Inc. (“Quantstamp” or the “Respondent”). In the Order, the SEC found that from October to November 2017, Quantstamp offered and sold crypto asset securities to fund the development of an automated smart contract security auditing protocol. The SEC found that Quantstamp broadly marketed QSP tokens, including in the United States. Quantstamp raised approximately $28.35 million in Ether and USD through the sale of QSP to more than 5,000 investors. The SEC determined Quantstamp violated Sections 5(a) and 5(c) of the Securities Act of 1933 by offering and selling securities without a registration statement filed or an exemption from registration and ordered the Respondent to pay $1,979,201.00 in disgorgement, $494,314.00 in prejudgment interest, and a $1,000,000.00 civil money penalty, for a total of $3,473,515.00, to the SEC. The SEC also created a Fair Fund, pursuant to Section 308(a) of the Sarbanes-Oxley Act of 2002, so the civil penalty collected, along with the disgorgement and prejudgment interest collected, can be distributed to harmed investors (the “Fair Fund”). The Fair Fund is comprised of $3,473,515.00 paid by Quantstamp plus accrued interest. On November 26, 2024, the SEC issued an order approving a proposed distribution plan and simultaneously posted the approved Plan of Distribution (the “Plan”).

Copies of the Plan, the Notice, the Claim Form, and other relevant documents are available for download on the Important Documents page of this website. You may also request a copy of the Plan, the Plan Notice, and/or the Claim Form by contacting the Fund Administrator via email at info@QuantstampFairFund.com , or by calling 833-215-6101.

As part of the Claim Form, you will be required to provide information necessary to substantiate the claim, including but not limited to: copies of third party documentary evidence of purchases and dispositions of the Security during the Relevant Period, as well as holdings of the Security at pertinent dates; valid and authenticated wallet and/or exchange connections as part of an online claim; copies of account statements and/or documentation of centralized exchange transactions; attributable exchange and/or wallet account information in the form of screenshots or videos as visual proof of ownership; any requested explanatory information or attestations; and/or any required personal identification information. If you are not a U.S. Person, as defined in Section IV of the Claim Form, you must also submit a completed IRS Form W-8BEN, W-8BEN-E, or other W-8 series form, which can be found by visiting the following IRS website: www.irs.gov/forms-instructions.