FTX EU sold to former FTX employees’ Backpack Exchange for $32.7 million
Backpack acquires FTX EU for $32.7M, gaining CySEC approval to offer regulated perpetual futures in the EU by Q1 2025.
FTX EU Sold to Backpack Exchange, Plans Regulated Crypto Derivatives Push Across Europe
FTX’s bankrupt European arm, which held a MiFID II-license under the Cyprus Securities and Exchange Commission (CySEC), was acquired by Backpack for $32.7 million.
Failed Crypto Exchange FTX’s Repayment Plan Is Now Effective
As per the plan, certain FTX clients who may be claiming an amount less than $50,000 may expect to get their funds returned within 60 days.
Backpack Exchange acquires FTX EU, expanding its presence in the EU digital asset market
The centralized crypto exchange Backpack announced on January 7 that it had successfully acquired the defunct crypto exchange FTX’s European branch, FTX EU. The exchange confirmed that FTX EU, which would become Backpack EU,
Breaking: Backpack Exchange Acquires FTX EU Amid Global Expansion Plan
Backpack Exchange acquires FTX EU, expanding its global presence and planning to launch regulated crypto trading services in the European Union in Q1 2025.
Backpack Exchange Acquires FTX EU After Approval by Bankruptcy Court and Cyprus SEC
Backpack Exchange, a cryptocurrency trading platform founded by former FTX and Alameda Research employees, has officially acquired FTX EU.
Backpack Exchange Acquires FTX EU to Launch Regulated Crypto Trading in Europe
Former FTX EU customers will soon have access to their funds through Backpack Exchange.
Backpack Announces Acquisition of FTX EU, Expands Crypto Trading Across Europe
Backpack Exchange, a fully regulated global cryptocurrency exchange, today announced the successful acquisition of FTX EU, the MiFID II-licensed former European arm of FTX. Approved by the FTX bankruptcy court and the Cyprus Securities and Exchange Commission (CySEC),
Former FTX, Alameda Staff Acquires Failed Firm’s European Entity
Backpack Exchange, a crypto trading platform founded by one-time employees of Sam Bankman-Fried’s FTX and Alameda Research ...
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FTX Starts Repaying Creditors After Two-Year Wait
FTX begins creditor repayments in accordance with a court-approved scheme, beginning with modest claims and expands to larger ...
New York Sun20h
FTX To Begin Bankruptcy Payouts — but Was Sam Bankman-Fried ‘Misled’ and ‘Pressured’ Into Giving Up a Profitable Crypto Colossus?
The fallen founder maintains that he never intended to defraud anyone and that his exchange had enough assets to make his ...
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FTX Begins Customer Repayments for Convenience Class Creditors
FTX starts its repayment plan with a $1.2 billion payout for convenience class creditors, offering 119% compensation on ...
Crypto Briefing4d
FTX payout plan taking effect today—here's what to expect
FTX payout plan begins today. Creditors with claims under $50K receive 119% return within 60 days, totaling $1.2 billion.
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SUI stake that FTX sold for $96 million is now worth $4.6 billion
FTX creditor Sunil Kavuri has highlighted how the SUI token’s recent performance represents a significant loss for the ...
Coingape3d
FTX Kicks Off Claims Distribution with Reorganization Plan in Full Effect
FTX begins creditor payouts under its Chapter 11 Reorganization Plan, with $6.5 billion reserved for claim disputes.
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FTX Repayments Process is Now Active With Users to Recieve Funds in 60 Days
FTX repayments start under the bankruptcy plan, with claimants receiving funds by early 2025. Phishing warnings issued ...