🚀 Crypto Buzz: Backpack Exchange Steps Up! 🚀

- Backpack Exchange has addressed the swirling controversy over its acquisition of FTX EU, clarifying its role in repaying former FTX EU customers.

- Despite conflicting claims, Backpack confirmed that it purchased FTX EU from insiders, a deal approved by CySec in Dec 2024.

- Backpack will rebrand FTX EU to Backpack EU, taking full responsibility for customer fund redistribution.

- Exciting times ahead as Backpack EU plans to launch in Q1 with a full suite of crypto derivatives!

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