Recently, Backpack completed the acquisition of FTX EU assets, finalized in June 2024 and approved by CySec in December.
FTX's Position
FTX expressed concerns over Backpack's claims about FTX EU acquisition. FTX clarified that the deal was not approved by the U.S. Bankruptcy Court and Backpack was not authorized to distribute funds to FTX EU customers. FTX emphasized that there was no prior approved transfer of FTX EU shares to Backpack before the official announcement.
Backpack's Response
Backpack stated that the acquisition was conducted in full compliance with legal and regulatory frameworks. The transfer of FTX EU assets occurred under the supervision of the bankruptcy estate, concluding in June 2024, with CySec approval in December.
The Future of Backpack EU
The new platform, Backpack EU, is set to launch in the first quarter of 2025, offering a range of cryptocurrency derivatives including perpetual futures across the European Union. Backpack is committed to providing a secure and transparent trading platform for its customers.
The acquisition of FTX EU assets by Backpack and their launch under the new brand Backpack EU marks a new phase of development for the exchange platform in Europe.
