Backpack officially opens the channel for FTX debt sales At the end of 2022, FTX's bankruptcy had a huge impact on the industry, causing significant harm to Backpack as well. Having lost 14.5 million USD on FTX, we deeply feel the pain of being former users of FTX. To assist other users who still hold FTX debts, we are launching a non-profit, completely neutral debt sale channel starting today, helping global FTX debt holders connect with third-party buyers willing to purchase FTX debts. One-stop process, completed entirely on the platform: Real-name authentication Debt verification Quote confirmation + settlement payment Backpack does not charge any fees throughout the entire process and will not profit from it. We hope to contribute our modest efforts to the crypto industry and help more users. Friendly reminder: Selling debts is a voluntary action and carries opportunity costs. If you choose to continue holding the debts, you may also receive higher compensation in the future, so please make careful decisions based on your own judgment. If you hold FTX debts, you can take action now: