Backpack Exchange, a cryptocurrency platform founded by former FTX and Alameda Research employees, has taken on the management of distributing bankruptcy claims for FTX EU customers.
Restitution for FTX EU Customers
Backpack Exchange is committed to speedy restitution for FTX EU customers affected by the company's bankruptcy. The company's goal is to restore customer trust by ensuring the safe return of their funds.
Backpack EU and Crypto Derivatives
In early 2025, Backpack Exchange will launch Backpack EU, offering crypto derivatives and supporting SEPA payments. This aligns with the EU's implementation of MiCA regulations aimed at enhancing user protection.
Connection to FTX Legacy
Backpack Exchange's CEO, Armani Ferrante, has deep connections with FTX, having collaborated with Jump Crypto and FTX Ventures since 2022.
Backpack Exchange is actively developing its presence in Europe, aiming to comply with high regulatory standards and provide competitive crypto services.
