Cryptocurrency KOL: Backpack will open up bond market, providing debt claim channels for FTX users in China and Russia

On July 15th, encrypted KOL AB Kuai. Dong posted on X platform stating that multiple sources have indicated that Backpack will open up the bond market to take over Chinese and Russian user debt that FTX did not recognize before. It is expected that this feature will be launched soon, requiring users to synchronize their FTX account information to Backpack and initiate claims. In January of this year, after acquiring FTX Europe, Backpack took on the responsibility of compensating FTX users' debts in Europe. Subsequently, it developed an internal claims channel and officially announced the first phase on April 1st. This process requires the user to create an account on Backpack, submit KYC, and connect to the FTX account to initiate a claim. In the end, this measure brought a large number of original FTX users to Backpack. Under the implementation of the above effects, it has been circulating in the community since May that Backpack may need to claim compensation for FTX users in China. The news has been confirmed through multiple channels as we approach the eve of product and operational launch.