Backpack, a centralized cryptocurrency exchange founded by former Alameda Research and FTX employees, has acquired FTX EU, the former European arm of the failed FTX exchange. The acquisition was approved by the FTX bankruptcy court and the Cyprus Securities and Exchange Commission (CySEC), paving the way for Backpack to expand its presence in the European Union. Backpack EU plans to launch in the first quarter of 2025 and is committed to returning funds to FTX EU customers. What do you think of these developments? Share your thoughts in the comments.