{"id":76602,"date":"2025-07-18T09:14:28","date_gmt":"2025-07-18T09:14:28","guid":{"rendered":"https:\/\/freakcryptos.com\/index.php\/2025\/07\/18\/ftt-jumps-7-as-backpack-launches-platform-to-help-ftx-victims-liquidate-claims\/"},"modified":"2025-07-18T09:14:28","modified_gmt":"2025-07-18T09:14:28","slug":"ftt-jumps-7-as-backpack-launches-platform-to-help-ftx-victims-liquidate-claims","status":"publish","type":"post","link":"https:\/\/freakcryptos.com\/index.php\/2025\/07\/18\/ftt-jumps-7-as-backpack-launches-platform-to-help-ftx-victims-liquidate-claims\/","title":{"rendered":"FTT jumps 7% as Backpack launches platform to help FTX victims liquidate claims"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div xmlns:default=\"http:\/\/www.w3.org\/2000\/svg\" data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/07\/FTTT-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/07\/FTTT-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/07\/FTTT-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/07\/FTTT-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/><img decoding=\"async\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/07\/FTTT.jpg\" alt=\"Busy Analysts\" width=\"100%\" height=\"100%\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>Backpack has unveiled a fee-free platform for FTX victims to promote their claims.<\/li>\n<li>The platform generated pleasure as it pledged zero income from the method.<\/li>\n<li>FTT coin gained greater than 7% amid the developments.<\/li>\n<\/ul>\n<p>FTT joined in the present day\u2019s broad-based altcoin rallies with a major surge.<\/p>\n<p>While the altcoin narrative boosted the alt\u2019s sentiments, the most recent announcement from Backpack alternate added to the bullish momentum.<\/p>\n<p>Backpack has launched a non-profit platform to help victims of the collapsed FTX alternate liquidate their chapter claims.<\/p>\n<p>The announcement triggered pleasure, particularly for collectors who&#8217;ve been in limbo for over two years, questioning whether or not they would ever get better their misplaced funds.<\/p>\n<p>The Backpack group <a href=\"https:\/\/x.com\/Backpack_CN\/status\/1946043949371756922\">said<\/a>:<\/p>\n<blockquote>\n<p>We deeply perceive the ache of being former FTX customers. To help different customers who nonetheless maintain FTX claims, we&#8217;re launching a non-profit, fully impartial claims sale channel beginning in the present day, serving to FTX international declare holders join with third-party consumers prepared to buy FTX claims.<\/p>\n<\/blockquote>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udce2 Update: Backpack has launched its official <a href=\"https:\/\/twitter.com\/hashtag\/FTX?src=hash&amp;ref_src=twsrc%5Etfw\">#FTX<\/a> claims sale channel<\/p>\n<p>It\u2019s a one-stop circulate \u2014 all contained in the app:<\/p>\n<p>\ud83e\udeaa Identity verification<br \/>\ud83d\udcc4 Claims validation<br \/>\ud83d\udcb0 Offer &amp; settlement<\/p>\n<p>\ud83d\udccc <a href=\"https:\/\/twitter.com\/hashtag\/Backpack?src=hash&amp;ref_src=twsrc%5Etfw\">#Backpack<\/a> is not going to cost any charges or earn revenue from this service<\/p>\n<p>\u2014 TheNewsCrypto (@The_NewsCrypto) <a href=\"https:\/\/twitter.com\/The_NewsCrypto\/status\/1946106586029842785?ref_src=twsrc%5Etfw\">July 18, 2025<\/a><\/p>\n<\/blockquote>\n<p>Notably, Backpack was among the many platforms that suffered huge monetary losses following FTX\u2019s late 2022 debacle.<\/p>\n<p>It misplaced belongings value roughly $14.5 million as Sam Bankman-Fried\u2019s empire crumbled.<\/p>\n<p>Most importantly, Backpack isn&#8217;t after recognition or monetary features.<\/p>\n<p>It has emphasised that this can be a community-centric, zero-profit program launched to hyperlink claimants with legit consumers in a safe surroundings.<\/p>\n<p>The initiative enhanced sentiments amongst FTT holders, mirrored by the surged costs.<\/p>\n<h2>A clear and easy course of<\/h2>\n<p>Backpack\u2019s new providing adopts user-friendliness.<\/p>\n<p>Individuals solely want to go to the alternate\u2019s platform and full primary ID checks.<\/p>\n<p>This is to adhere to regulatory insurance policies.<\/p>\n<p>After eligibility verification, certified customers will obtain affords from legit consumers and luxuriate in a safe and frictionless course of to liquidate their belongings.<\/p>\n<p>Remember, Backpack is not going to take commissions or cost charges all through this course of.<\/p>\n<h2>FTT rallies in response<\/h2>\n<p>While it stays a controversial token, as it lacked utility following FTX\u2019s debacle, FTT stays a proxy for sentiments across the alternate\u2019s chapter efforts.<\/p>\n<p>It has all the time reacted to developments related to the creditor reimbursement course of.<\/p>\n<p>The digital coin gained from a day by day low of $0.8779 to $0.9408 intraday peak.<\/p>\n<p>That\u2019s a 7% enhance, and the recovering 24-hour buying and selling volumes sign a possible pattern shift to the customer facet.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" data-source=\"CoinJournal\" class=\"alignnone size-full wp-image-322799\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/07\/FTT-price-on-Coinmarketcap.jpg\" alt=\"\" width=\"568\" height=\"247\"\/><\/p>\n<p>Technical indicators on the day by day timeframe help the upside trajectory.<\/p>\n<p>The Moving Average Convergence Divergence shows bullish momentum with inexperienced histograms whereas above the sign line.<\/p>\n<p>The Relative Strength Index at 63 alerts extra room for upswings earlier than FTT reaches the overbought space.<\/p>\n<p>Meanwhile, FTT\u2019s future relies on the claimants\u2019 choice. Relentless dumps would imply huge promoting stress for the native token.<\/p>\n<p>Backpack has urged customers to keep away from promoting with a disclaimer:<\/p>\n<blockquote>\n<p>Selling claims is a voluntary motion and entails alternative prices. If you select to proceed holding your claims, you might obtain greater compensation sooner or later. Please make a cautious choice primarily based by yourself judgment.<\/p>\n<\/blockquote>\n<p>On the opposite hand, bulls dominate the cryptocurrency sector as bullish sentiments prevail. Bitcoin hovers at $120,140.<\/p>\n<p>A day by day candlestick closing above $121,000 may set off continued features to free all-time highs at $132,000.<\/p>\n<div class=\"ad-banner  container  pt-1\" data-partner=\"bitcoinpepe\">\n        <a href=\"https:\/\/bitcoinpepe.co\/en?utm_source=coinjournal&amp;utm_medium=banner&amp;utm_campaign=header\" target=\"_blank\" rel=\"nofollow sponsored noopener\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/coinjournal.net\/wp-content\/themes\/c1-base\/dist\/img\/ad\/blockovate\/en-4.png\"\/><br \/>\n        <\/a>\n    <\/div>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this text<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/ftt-jumps-7-as-backpack-launches-platform-to-help-ftx-victims-liquidate-claims\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Backpack has unveiled a fee-free platform for FTX victims to promote their claims. The platform generated pleasure as it pledged zero income from the method. FTT coin gained greater than 7% amid the developments. FTT joined in the present day\u2019s broad-based altcoin rallies with a major surge. While the altcoin narrative boosted the alt\u2019s sentiments, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":76604,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[13457,952,2438,762,248,186,7915,368,2858],"class_list":{"0":"post-76602","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-market","8":"tag-backpack","9":"tag-claims","10":"tag-ftt","11":"tag-ftx","12":"tag-jumps","13":"tag-launches","14":"tag-liquidate","15":"tag-platform","16":"tag-victims"},"_links":{"self":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts\/76602","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/comments?post=76602"}],"version-history":[{"count":1,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts\/76602\/revisions"}],"predecessor-version":[{"id":76603,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts\/76602\/revisions\/76603"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/media\/76604"}],"wp:attachment":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/media?parent=76602"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/categories?post=76602"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/tags?post=76602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}