🚀 Exciting developments in the crypto world! The FTX bankruptcy estate is challenging the sale of FTX EU to Backpack, a firm led by former FTX and Alameda employees. Backpack announced plans to repay FTX EU creditors and operate a regulated crypto derivatives service. However, FTX claims Backpack isn't authorized to distribute funds. 🤔

Backpack insists the sale was approved by CySec and is reflected in public records. With FTX EU soon to become Backpack EU, the crypto community is buzzing! What are your thoughts on this unfolding saga? Share below! 👇