diff --git a/src/components/views/settings/SecureBackupPanel.tsx b/src/components/views/settings/SecureBackupPanel.tsx
index 18c2ee6e90a..a0416d01a55 100644
--- a/src/components/views/settings/SecureBackupPanel.tsx
+++ b/src/components/views/settings/SecureBackupPanel.tsx
@@ -16,10 +16,9 @@ limitations under the License.
 */
 
 import React, { ReactNode } from "react";
-import { IKeyBackupInfo } from "matrix-js-sdk/src/crypto/keybackup";
-import { TrustInfo } from "matrix-js-sdk/src/crypto/backup";
 import { CryptoEvent } from "matrix-js-sdk/src/crypto";
 import { logger } from "matrix-js-sdk/src/logger";
+import { BackupTrustInfo, KeyBackupInfo } from "matrix-js-sdk/src/crypto-api";
 
 import type CreateKeyBackupDialog from "../../../async-components/views/dialogs/security/CreateKeyBackupDialog";
 import { MatrixClientPeg } from "../../../MatrixClientPeg";
@@ -41,9 +40,34 @@ interface IState {
     backupKeyWellFormed: boolean | null;
     secretStorageKeyInAccount: boolean | null;
     secretStorageReady: boolean | null;
-    backupInfo: IKeyBackupInfo | null;
-    backupSigStatus: TrustInfo | null;
-    sessionsRemaining: number;
+
+    /** Information on the current key backup version, as returned by the server.
+     *
+     * `null` could mean any of:
+     *    * we haven't yet requested the data from the server.
+     *    * we were unable to reach the server.
+     *    * the server returned key backup version data we didn't understand or was malformed.
+     *    * there is actually no backup on the server.
+     */
+    backupInfo: KeyBackupInfo | null;
+
+    /**
+     * Information on whether the backup in `backupInfo` is correctly signed, and whether we have the right key to
+     * decrypt it.
+     *
+     * `undefined` if `backupInfo` is null, or if crypto is not enabled in the client.
+     */
+    backupTrustInfo: BackupTrustInfo | undefined;
+
+    /**
+     * If key backup is currently enabled, the backup version we are backing up to.
+     */
+    activeBackupVersion: string | null;
+
+    /**
+     * Number of sessions remaining to be backed up. `null` if we have no information on this.
+     */
+    sessionsRemaining: number | null;
 }
 
 export default class SecureBackupPanel extends React.PureComponent<{}, IState> {
@@ -61,8 +85,9 @@ export default class SecureBackupPanel extends React.PureComponent<{}, IState> {
             secretStorageKeyInAccount: null,
             secretStorageReady: null,
             backupInfo: null,
-            backupSigStatus: null,
-            sessionsRemaining: 0,
+            backupTrustInfo: undefined,
+            activeBackupVersion: null,
+            sessionsRemaining: null,
         };
     }
 
@@ -101,14 +126,19 @@ export default class SecureBackupPanel extends React.PureComponent<{}, IState> {
         this.setState({ loading: true });
         this.getUpdatedDiagnostics();
         try {
-            const backupInfo = await MatrixClientPeg.safeGet().getKeyBackupVersion();
-            const backupSigStatus = backupInfo ? await MatrixClientPeg.safeGet().isKeyBackupTrusted(backupInfo) : null;
+            const cli = MatrixClientPeg.safeGet();
+            const backupInfo = await cli.getKeyBackupVersion();
+            const backupTrustInfo = backupInfo ? await cli.getCrypto()?.isKeyBackupTrusted(backupInfo) : undefined;
+
+            const activeBackupVersion = (await cli.getCrypto()?.getActiveSessionBackupVersion()) ?? null;
+
             if (this.unmounted) return;
             this.setState({
                 loading: false,
                 error: false,
                 backupInfo,
-                backupSigStatus,
+                backupTrustInfo,
+                activeBackupVersion,
             });
         } catch (e) {
             logger.log("Unable to fetch key backup status", e);
@@ -117,7 +147,8 @@ export default class SecureBackupPanel extends React.PureComponent<{}, IState> {
                 loading: false,
                 error: true,
                 backupInfo: null,
-                backupSigStatus: null,
+                backupTrustInfo: undefined,
+                activeBackupVersion: null,
             });
         }
     }
@@ -173,8 +204,10 @@ export default class SecureBackupPanel extends React.PureComponent<{}, IState> {
             onFinished: (proceed) => {
                 if (!proceed) return;
                 this.setState({ loading: true });
+                const versionToDelete = this.state.backupInfo!.version!;
                 MatrixClientPeg.safeGet()
-                    .deleteKeyBackupVersion(this.state.backupInfo!.version!)
+                    .getCrypto()
+                    ?.deleteKeyBackupVersion(versionToDelete)
                     .then(() => {
                         this.loadBackupStatus();
                     });
@@ -209,7 +242,7 @@ export default class SecureBackupPanel extends React.PureComponent<{}, IState> {
             secretStorageKeyInAccount,
             secretStorageReady,
             backupInfo,
-            backupSigStatus,
+            backupTrustInfo,
             sessionsRemaining,
         } = this.state;
 
@@ -228,7 +261,7 @@ export default class SecureBackupPanel extends React.PureComponent<{}, IState> {
         } else if (backupInfo) {
             let restoreButtonCaption = _t("Restore from Backup");
 
-            if (MatrixClientPeg.safeGet().getKeyBackupEnabled()) {
+            if (this.state.activeBackupVersion !== null) {
                 statusDescription = (
                     <SettingsSubsectionText>✅ {_t("This session is backing up your keys.")}</SettingsSubsectionText>
                 );
@@ -253,7 +286,7 @@ export default class SecureBackupPanel extends React.PureComponent<{}, IState> {
             }
 
             let uploadStatus: ReactNode;
-            if (!MatrixClientPeg.safeGet().getKeyBackupEnabled()) {
+            if (sessionsRemaining === null) {
                 // No upload status to show when backup disabled.
                 uploadStatus = "";
             } else if (sessionsRemaining > 0) {
@@ -271,19 +304,21 @@ export default class SecureBackupPanel extends React.PureComponent<{}, IState> {
             }
 
             let trustedLocally: string | undefined;
-            if (backupSigStatus?.trusted_locally) {
-                trustedLocally = _t("This backup is trusted because it has been restored on this session");
+            if (backupTrustInfo?.matchesDecryptionKey) {
+                trustedLocally = _t("This backup can be restored on this session");
             }
 
             extraDetailsTableRows = (
                 <>
                     <tr>
-                        <th scope="row">{_t("Backup version:")}</th>
-                        <td>{backupInfo.version}</td>
+                        <th scope="row">{_t("Latest backup version on server:")}</th>
+                        <td>
+                            {backupInfo.version} ({_t("Algorithm:")} <code>{backupInfo.algorithm}</code>)
+                        </td>
                     </tr>
                     <tr>
-                        <th scope="row">{_t("Algorithm:")}</th>
-                        <td>{backupInfo.algorithm}</td>
+                        <th scope="row">{_t("Active backup version:")}</th>
+                        <td>{this.state.activeBackupVersion === null ? _t("None") : this.state.activeBackupVersion}</td>
                     </tr>
                 </>
             );
diff --git a/src/i18n/strings/en_EN.json b/src/i18n/strings/en_EN.json
index 92adb2fce5f..556d62f0879 100644
--- a/src/i18n/strings/en_EN.json
+++ b/src/i18n/strings/en_EN.json
@@ -2138,9 +2138,10 @@
     "Connect this session to Key Backup": "Connect this session to Key Backup",
     "Backing up %(sessionsRemaining)s keys…": "Backing up %(sessionsRemaining)s keys…",
     "All keys backed up": "All keys backed up",
-    "This backup is trusted because it has been restored on this session": "This backup is trusted because it has been restored on this session",
-    "Backup version:": "Backup version:",
+    "This backup can be restored on this session": "This backup can be restored on this session",
+    "Latest backup version on server:": "Latest backup version on server:",
     "Algorithm:": "Algorithm:",
+    "Active backup version:": "Active backup version:",
     "Your keys are <b>not being backed up from this session</b>.": "Your keys are <b>not being backed up from this session</b>.",
     "Back up your keys before signing out to avoid losing them.": "Back up your keys before signing out to avoid losing them.",
     "Set up": "Set up",
diff --git a/test/components/views/settings/SecureBackupPanel-test.tsx b/test/components/views/settings/SecureBackupPanel-test.tsx
index d5b28981f2b..cadd0353aab 100644
--- a/test/components/views/settings/SecureBackupPanel-test.tsx
+++ b/test/components/views/settings/SecureBackupPanel-test.tsx
@@ -36,11 +36,8 @@ describe("<SecureBackupPanel />", () => {
     const client = getMockClientWithEventEmitter({
         ...mockClientMethodsUser(userId),
         ...mockClientMethodsCrypto(),
-        getKeyBackupEnabled: jest.fn(),
         getKeyBackupVersion: jest.fn().mockReturnValue("1"),
-        isKeyBackupTrusted: jest.fn().mockResolvedValue(true),
         getClientWellKnown: jest.fn(),
-        deleteKeyBackupVersion: jest.fn(),
     });
 
     const getComponent = () => render(<SecureBackupPanel />);
@@ -53,15 +50,17 @@ describe("<SecureBackupPanel />", () => {
                 public_key: "1234",
             },
         });
-        client.isKeyBackupTrusted.mockResolvedValue({
-            usable: false,
-            sigs: [],
+        Object.assign(client.getCrypto()!, {
+            isKeyBackupTrusted: jest.fn().mockResolvedValue({
+                trusted: false,
+                matchesDecryptionKey: false,
+            }),
+            getActiveSessionBackupVersion: jest.fn().mockResolvedValue(null),
+            deleteKeyBackupVersion: jest.fn().mockResolvedValue(undefined),
         });
 
         mocked(client.secretStorage.hasKey).mockClear().mockResolvedValue(false);
-        client.deleteKeyBackupVersion.mockClear().mockResolvedValue();
         client.getKeyBackupVersion.mockClear();
-        client.isKeyBackupTrusted.mockClear();
 
         mocked(accessSecretStorage).mockClear().mockResolvedValue();
     });
@@ -100,7 +99,7 @@ describe("<SecureBackupPanel />", () => {
     });
 
     it("displays when session is connected to key backup", async () => {
-        client.getKeyBackupEnabled.mockReturnValue(true);
+        mocked(client.getCrypto()!).getActiveSessionBackupVersion.mockResolvedValue("1");
         getComponent();
         // flush checkKeyBackup promise
         await flushPromises();
@@ -125,7 +124,7 @@ describe("<SecureBackupPanel />", () => {
 
         fireEvent.click(within(dialog).getByText("Cancel"));
 
-        expect(client.deleteKeyBackupVersion).not.toHaveBeenCalled();
+        expect(client.getCrypto()!.deleteKeyBackupVersion).not.toHaveBeenCalled();
     });
 
     it("deletes backup after confirmation", async () => {
@@ -154,7 +153,7 @@ describe("<SecureBackupPanel />", () => {
 
         fireEvent.click(within(dialog).getByTestId("dialog-primary-button"));
 
-        expect(client.deleteKeyBackupVersion).toHaveBeenCalledWith("1");
+        expect(client.getCrypto()!.deleteKeyBackupVersion).toHaveBeenCalledWith("1");
 
         // delete request
         await flushPromises();
@@ -169,7 +168,7 @@ describe("<SecureBackupPanel />", () => {
         await flushPromises();
 
         client.getKeyBackupVersion.mockClear();
-        client.isKeyBackupTrusted.mockClear();
+        mocked(client.getCrypto()!).isKeyBackupTrusted.mockClear();
 
         fireEvent.click(screen.getByText("Reset"));
 
@@ -179,6 +178,6 @@ describe("<SecureBackupPanel />", () => {
 
         // backup status refreshed
         expect(client.getKeyBackupVersion).toHaveBeenCalled();
-        expect(client.isKeyBackupTrusted).toHaveBeenCalled();
+        expect(client.getCrypto()!.isKeyBackupTrusted).toHaveBeenCalled();
     });
 });
diff --git a/test/components/views/settings/__snapshots__/SecureBackupPanel-test.tsx.snap b/test/components/views/settings/__snapshots__/SecureBackupPanel-test.tsx.snap
index dc00cd38e44..47a6c83f79c 100644
--- a/test/components/views/settings/__snapshots__/SecureBackupPanel-test.tsx.snap
+++ b/test/components/views/settings/__snapshots__/SecureBackupPanel-test.tsx.snap
@@ -140,20 +140,27 @@ exports[`<SecureBackupPanel /> suggests connecting session to key backup when ba
         <th
           scope="row"
         >
-          Backup version:
+          Latest backup version on server:
         </th>
         <td>
           1
+           (
+          Algorithm:
+           
+          <code>
+            test
+          </code>
+          )
         </td>
       </tr>
       <tr>
         <th
           scope="row"
         >
-          Algorithm:
+          Active backup version:
         </th>
         <td>
-          test
+          None
         </td>
       </tr>
     </table>