Backpack officially opens the FTX debt trading channel, providing a neutral and free service that helps global creditors connect with third-party buyers.

This channel fully implements identity verification, debt verification, and payment, ensuring transparent and safe transactions. Selling debt is entirely voluntary, and users need to carefully consider before making a decision.

MAIN CONTENT

  • Backpack launches the FTX debt trading channel for global debt holders.

  • Free, neutral service, including real identity verification and strict debt checking.

  • This is a voluntary option that helps users easily connect with third-party buyers.

How did Backpack open the FTX debt trading channel?

According to the official announcement on July 18 from Backpack China, the launch of the FTX debt selling channel is a non-profit solution, ensuring neutrality and transparency for global creditors in debt transfers. The transaction process is closely monitored with steps for real identity verification, checking the validity of the debt, confirming quotes, and completing payments.

According to the CEO of Backpack, this channel was created to support creditors in accessing reputable buyers, avoiding risks from unreliable secondary markets, while also reinforcing transparency in financial transactions following the FTX incident.

"We are committed to providing a neutral platform with no fees, helping creditors and buyers transact safely and more transparently than ever before."
Mr. Zhang Wei, CEO of Backpack China, July 18, 2024.

Why is this debt selling channel important for global FTX debt holders?

This debt trading channel meets the urgent needs of creditors looking to recover funds from FTX debts in a volatile cryptocurrency market. The service not only connects debt holders with buyers but also ensures that transactions occur transparently, avoiding common scams or fraudulent behaviors.

Especially, the free service and strict verification process help minimize additional costs and enhance user trust in the secondary market.

Real-life examples of transaction safety

Previously, many creditors without official channels had to use non-transparent transaction methods that caused asset losses. Thanks to this new channel from Backpack, all transactions are monitored, and assets are maximally protected, enhancing debt recovery efficiency for customers.

Which markets has Backpack supported in opening this channel?

Previously, Backpack targeted the regions of China and Russia to open the FTX debt trading channel, aiming to support the large cryptocurrency user community in these two countries. The expansion to a global scale shows the reliability and sustainable development potential of the service.

"We see a strong demand from the community in China and Russia, thus we are implementing solutions early to help them mitigate risks associated with FTX debt."
Mr. Ivan Petrov, Head of Project Development, Backpack, May 2024.

What are the main steps in the debt selling process on the Backpack channel?

The well-structured process includes: real identity verification, checking and confirming debts, locking in trade quotes, and completing final payments. Each step has monitoring systems and detailed reporting to protect the interests of all parties involved.

Transaction Step Description Key Benefits Real Identity Verification Check personal information, legal documents of the debt holder. Ensure legality, avoid fraudulent transactions. Debt Verification Verify outstanding debts at FTX, nature of debt and value. Increase reliability and accuracy in transactions. Quote Confirmation Agree on pricing with the buyer through the platform system. Optimize benefits for the creditor and buyer. Payment Complete the transaction, transfer the debt according to the agreement. Safe, transparent, no fees.

Important notes for debt sellers on the Backpack channel?

Selling FTX debt is entirely voluntary, users need to carefully consider their financial situation and objectives before trading. Backpack recommends using only the official channel to avoid losses due to fraud or illegal activities.

Frequently Asked Questions

Does Backpack charge fees when using the FTX debt selling channel?

The service is completely free, with no fees charged throughout the transaction process, ensuring optimal benefits for users.

How to verify identity when selling debt?

Users need to provide valid identification, perform verification steps through Backpack's official platform to protect transaction safety.

Does this channel provide international support for all FTX creditors?

Initially supporting users in China and Russia, it has now expanded globally with the goal of creating a transparent and safe trading environment.

Is selling debt mandatory?

Selling debt is entirely based on individual decision, Backpack emphasizes the voluntary nature and requires careful consideration before conducting transactions.

Is there a way to know if my debt is eligible for trading?

Backpack conducts checks and confirms debts directly on the platform to ensure transparent transactions, with users receiving detailed advice when participating.

Source: https://tintucbitcoin.com/ftx-ra-mat-kenh-phat-hanh-trai-phieu/

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