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Backpack Ignites FTX Debt Trading Frenzy: Claimants Get a Second Shot at Recovery
Backpack Ignites FTX Debt Trading Frenzy: Claimants Get a Second Shot at Recovery
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FTX creditors just got a lifeline—or a gamble. Backpack's new debt marketplace lets claim holders trade their IOUs like crypto tokens. Who said bankruptcy couldn't be fun?
The platform turns frozen FTX claims into liquid assets overnight. Perfect for those who'd rather bet on recovery odds than wait for court crumbs.
Wall Street's watching. Because nothing screams 'financial innovation' like repackaging bankruptcy paper—now with blockchain sprinkles.
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