Backpack is set to introduce a bond market function enabling Chinese and Russian users to claim debts previously unrecognized by FTX, requiring synchronization of account information.
Backpack plans to launch a bond market function for Chinese and Russian users to address claims against FTX, requiring users to sync their account information. This initiative follows previous successes with European users, as Backpack aims to manage claims from a substantial portion of the $470 million total debt, with Chinese users alone accounting for $380 million.