Backpack opens FTX debt sale channel…"Operated neutrally with no fees"

Cryptocurrency exchange Backpack has launched an official trading channel connecting FTX debt holders with third-party buyers.

On the 17th (local time), Backpack announced on its official website, "We will operate a completely neutral and non-profit platform to allow users holding FTX debt to easily dispose of their claims."

Backpack stated, "The FTX incident has had a significant impact on the entire industry, including us," and added, "As former users who understand the pain, we have set up this channel to help those affected."

They continued, "Selling and buying debt is a voluntary choice," and "As there is a possibility of receiving higher compensation in the future depending on your choice, please decide carefully."

This channel operates as a one-stop system, processing real-name verification, creditor rights confirmation, receiving offers, and settlement all in one flow. Backpack does not charge separate fees during this process and does not generate any profit.