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Crypto Exchange Opens Marketplace for Chinese FTX Creditors to Sell Claims

Summary by Coingape
Backpack, a crypto exchange with ties to FTX, has announced the launch of a new platform that allows creditors to sell their debt claims. This portal offers a fee-free solution for FTX users looking to sell their claims, operating on a non-profit basis to facilitate direct on-platform transactions. Backpack Portal to Support FTX Creditors In The post Crypto Exchange Opens Marketplace for Chinese FTX Creditors to Sell Claims appeared first on Coi…
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Key Points of the News Backpack launched a non-profit and non-commissioned platform so that former FTX creditors can settle their bankruptcy claims without additional charges. This bill renewed optimism among FTT holders, pushing the token to $0.9395 with a 2.97% increase in 24 hours. Daily volume rose 20.97% to $19.42 million and the market cap reached $309.02 million. Backpack’s new proposal revived hope for thousands of FTX creditors who stil…

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crypto.news broke the news in on Friday, July 18, 2025.
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