Backpack has completed the acquisition of FTX EU and has launched the user fund return process today

ChainCatcher news, the globally compliant crypto asset trading platform Backpack has officially completed the acquisition of FTX EU. Starting today, Backpack EU has officially launched the asset recovery and fund distribution process, providing clear and convenient fund return services for former FTX EU users, helping them recover previously frozen fiat assets.

After the completion of this acquisition, Backpack will reactivate the licenses held by FTX EU and will provide comprehensive cryptocurrency derivatives trading services within the European Union in the future.