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

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

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.

Hong Kong, Jan. 1, 2026. WEEX has entered into a new partnership with LALIGA, as an official regional partner of LALIGA in Taiwan and Hong Kong. The agreement brings WEEX into LALIGA’s network of regional collaborators and opens the door to new ways of engaging both fans and traders during the season.

Perpetual Contract Genesis: Pricing Liquidity with a Magic Formula, Transparency Prevents it from Reaching its Full Potential

A mechanism originally designed merely to peg derivative prices closely to spot may one day exert gravitational pull on the entire dollar system itself

Decode Stock on Chain: Why Are Crypto Enthusiasts Investing in US Stocks While Wall Street Is Going Blockchain Unfriendly?

When the crypto market is facing a periodic downturn, global top-tier institutions are betting on asset tokenization at the same time.

Key Market Intelligence as of December 31st, how much did you miss out on?

1. On-chain Volume: $69.3M USD flowed into Ethereum today; $59.5M USD flowed out of Arbitrum 2. Biggest Gainers and Losers: $OMNI, $BETA 3. Top News: LIGHT surged over 250% in the last 2 hours, breaking above $1.1

Long-standing domestic public blockchain NEO sees feud between two co-founders, with opaque finances as the core reason

Domestic AI projects are surging, while domestic public blockchains are bickering

Hong Kong Virtual Asset Trading Platform New Regulations (Part 2): New Circular Issued, Has the Boundary of Virtual Asset Business Been Redefined?

The market's potential to advance is now less about regulatory permissiveness and more about whether participants are truly ready to operate under a more transparent and rigorous ruleset.

DeFi 2.0 Explosion Post-Disorderly Restructuring in 2026

The further disordered reorganization of the macro environment, and the consequent drive toward the DeFi 2.0 explosion, both have clear trends and inevitability.

Fed's Latest Meeting Minutes: Divergence Persists, But "Most" Officials Advocate Continued Rate Cuts

Most participants support a rate cut in December, with a few indicating that this decision was finely balanced and they might have supported standing pat. Those in favor of a rate cut generally pointed to the increased downside risks to employment seen in recent months.

AI Trading in Crypto: How Traders Actually Apply AI in Real Crypto Markets

Artificial intelligence has moved beyond experimentation in crypto markets. In 2025, AI-driven trading tools are increasingly used by traders who want better discipline, faster execution, and more structured decision-making in volatile markets. This guide explains how AI is actually used in crypto trading, step by step — with a focus on how these strategies are executed in real trading environments.

The first large-scale adoption of a "yield-bearing stablecoin" was in China

The digital renminbi has transitioned from "digital cash" to "digital currency".

Market Update — December 31

From South Korea and the OECD accelerating the implementation of crypto regulation and compliance frameworks, to the simultaneous development of TAO ETFs, privacy technologies, mining, and Bitcoin reserves, while security incidents and financial losses continue to rise, the crypto market has entered a new phase amid multiple challenges of "strong regulation + technological evolution + amplified risks."

Lighter Token Distribution Sparks Controversy, Zama Launches USDT Private Transfers, What is the Overseas Crypto Community Talking About Today?

What have foreigners been most interested in for the past 24 hours?

4 Years of Web3 Entrepreneurship: 7 Key Takeaways

Iteration speed, user mindset, and marketing ability are more important than perfect technology.

Can't Beat the Stock Market, Can't Outdo Precious Metals, Is Crypto Really Becoming the Bull Market for "Outsiders"?

Traditional assets are having a blast, but crypto assets are unexpectedly lagging behind.