Crypto KOL: Backpack will open a debt claim channel for FTX users in China and Russia

By: odaily.com|2025/07/15 15:41:39

Odaily News Crypto KOL AB Kuai.Dong posted on the X platform that multiple sources said Backpack will open a bond market to take over the debts of Chinese and Russian users that FTX previously did not recognize. It is expected that this function will be launched soon, and users will need to synchronize their FTX account information to Backpack to initiate a claim.
In January this year, after acquiring FTX Europe, Backpack took over the debt compensation for European FTX users, subsequently developed an internal claims channel, and officially announced the first phase on April 1.
This process requires users to create an account on Backpack, submit KYC, and connect to the FTX account to initiate a claim.
Ultimately, this move brought a large number of original FTX users to Backpack.
With the implementation of the above effects, the community began to circulate since May that Backpack might have to make claims and compensation for FTX users in China.
As we are approaching the eve of product and operation launch, the news has been confirmed by multiple parties.

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