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Crypto KOL: Backpack will open the bond market and provide a channel for debt claims for users of FTX in China and Russia

2025-07-15 15:35:20
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ChainCatcher news, encrypted KOL AB Kuai.Dong posted on platform X, stating that multiple sources indicate that Backpack will open the bond market to accommodate the claims of Chinese and Russian users that FTX previously denied. This feature is expected to be launched soon, requiring users to sync their FTX account information to Backpack to initiate claims.
In January of this year, after acquiring FTX Europe, Backpack took over the compensation for European FTX user claims, subsequently developing a claims channel internally, and officially announced the first phase on April 1. This process requires users to create an account on Backpack, submit KYC, and connect to their FTX account to initiate claims.

Ultimately, this measure brought a large number of former FTX users to Backpack. Following the implementation of the above effects, the community has been circulating since May that Backpack may need to compensate FTX users in China. Currently, as the product and operations are nearing launch, this news has been confirmed by multiple sources.

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