On January 8, 2025, FTX issued a statement to clarify Backpack's claim of acquiring FTX EU Ltd, following a misleading press release by Backpack on January 7.
FTX's Statement
FTX stressed that Backpack's announcement was made without its consent and contained false statements. FTX confirmed that 100% of FTX EU's shares remain owned by FTX Europe AG, a subsidiary of FTX.
Legal Status and Bankruptcy
Despite an agreement to sell FTX EU assets, no deal has been authorized by the U.S. Bankruptcy Court under Chapter 11. FTX reiterated that Backpack is not involved in the bankruptcy process or in refunding former FTX EU customers.
Future Steps and Plans
FTX clarified that only FTX EU is authorized to disburse funds to customers. The bankruptcy plan, effective as of January 3, 2025, does not permit distributions through Backpack. Payment to claimants is expected within 60 days pending regulatory approval. FTX urged reliance on official communications.
The situation underscores the importance of reliable information through official channels amidst the ongoing bankruptcy and media speculation.
