Regarding Backpack Exchange's announcement that it has acquired FTX EU, the FTX estate, based in the United States, stated: 'As of today, 100% of the shares of FTX EU are held by FTX subsidiary FTX Europe AG,' and the previously announced transfer of shares to insiders has not yet occurred.
In response to the statement regarding FTX, Backpack stated that the sale to the co-founder was completed in May, and 'payments have been made to the FTX estate in accordance with the purchase terms.'
Subsequently, Backpack stated in a statement that it acquired FTX EU from insiders at FTX EU. Backpack indicated that last month, the transaction was approved by the Cyprus Securities and Exchange Commission.
'After obtaining approval, FTX assets are obligated to transfer shares according to the court-approved sale and purchase agreement,' Backpack stated. Patrick Gruhn, one of the co-founders of FTX EU, confirmed the transaction with Backpack and stated that his lawyer had notified FTX of the Cyprus regulator's approval on Monday, but no response had been received yet. FTX's lawyers did not immediately respond to a request for comment. (Bloomberg)