🚀 Crypto drama alert! Backpack's announcement of acquiring FTX EU is like claiming to win a race without crossing the finish line. FTX says, "Not so fast!" The US Bankruptcy Court hasn't approved any such deal, and Backpack's press release was a solo act. 🎭

FTX insists it's still in charge of creditor repayments, so no crypto confetti just yet. Meanwhile, Backpack eyes a European expansion with FTX's MiFID II License.

What do you think? Is this a crypto plot twist or just a misunderstanding? Drop your thoughts in the comments!