Backpack Exchange has responded to allegations regarding the legality of the acquisition of FTX EU by centralized cryptocurrency platform FTX Recovery Trust. Backpack stated that it acquired FTX EU in January 2024 with approval from the Cyprus Securities and Exchange Commission (CySEC). However, the FTX estate has disputed these allegations, stating that FTX EU shares are still owned by FTX Europe AG. The dispute between the two parties also continues over the management of creditor payments. What do you think about these developments? We welcome your comments.