Backpack Exchange Eyes Acquisition of FTX Creditor Bonds Backpack, the Solana-based cryptocurrency exchange that absorbed FTX EU, is reportedly planning to acquire the bonds of FTX's Chinese and Russian creditors. This initiative aims to provide a solution for creditors struggling to access their funds. Facilitating Claims for FTX Creditors According to crypto analyst AB Kuai.Dong, creditors will be able to claim their bonds by linking their FTX account details to the Backpack platform. This could offer a streamlined process for recovering assets. Addressing Challenges for International Creditors Many FTX creditors in countries with crypto restrictions, including China, face significant hurdles in receiving repayments. The amount owed to Chinese creditors alone is estimated at $380 million. Backpack's potential acquisition of these bonds could provide much-needed relief and a path toward reclaiming lost funds. The move signifies a potential solution to navigate complex regulatory landscapes and facilitate asset recovery for affected FTX users. ```