Backpack’s Purchase of FTX EU Raises Ownership Dispute
FTX disputes Backpack’s acquisition of FTX EU, citing incomplete ownership transfer. Backpack claims the purchase was finalized in 2024 with CySec approval. Backpack plans to rebrand FTX EU and handle fund distributions independently. Concern about and disputes regarding the sale of now-defunct FTX exchange’s European arm FTX EU to Backpack Exchange. Which is a cryptocurrency…