Backpack Exchange, founded by former FTX and Alameda employees, has acquired the bankrupt FTX former European entity for $32.70 million to expand the derivatives business it offers in the region. FTXEU was one of the business units that ultimately went bankrupt after FTX collapsed in 2022. As part of the acquisition, Dubai-based Backpack will be responsible for distributing FTXEU customers previously court-approved FTX bankruptcy claims of around 53 million euros ($55 million).
Backpack Exchange has received approval from the Cyprus Securities and Exchange Commission and the FTX Bankruptcy Court to formally acquire FTXEU. Backpack Exchange will be responsible for distributing the bankruptcy claims of FTXEU users previously approved by the court.
Backpack Exchange acquires FTX EU for $32.70 million, will be responsible for distributing $55 million FTX bankruptcy claims
2025-01-08 00:38:29
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
Backpack Exchange以3270万美元收购FTX EU，将负责分发5500万美元FTX破产索赔Next article：
美上市公司SUNation Energy将采用比特币财政战略
