According to ChainCatcher, multiple sources indicate that Backpack will open a bond market to take over the debt claims of Chinese and Russian users from FTX that were previously unrecognized. The feature is expected to be launched soon, requiring users to synchronize their FTX account information to Backpack and initiate claims.
In January, after acquiring FTX's European platform, Backpack took over the debt claims of European FTX users, subsequently developing an internal claims channel and officially announcing the first phase on April 1st. This process requires users to create an account on Backpack, submit KYC, connect with their FTX account, and initiate claims.
Ultimately, this measure brought a large number of former FTX users to Backpack. Under these effects, the community has been speculating since May that Backpack might provide claims compensation for FTX users from China. Currently, as the product and operations are about to be launched, this information has been confirmed through multiple sources.
