FTX criticizes Backpack's European acquisition case, emphasizing lack of bankruptcy court approval and misleading information
FTX issued a statement today (1/9) regarding the exchange Backpack's announcement of its acquisition of FTX EU and fund return issues. FTX Trading Ltd. (referred to as FTX) officially clarified that the statement contained several misleading pieces of information and was not approved by FTX or the U.S. bankruptcy court. Below is a detailed explanation of the event.
The statement regarding Backpack's acquisition of FTX EU was made without FTX's knowledge or involvement
On January 7, 2025, Backpack issued a press release claiming to have acquired FTX EU and plans to return funds to former clients of FTX EU. However, FTX stated that the release was made without FTX's knowledge or involvement. Additionally, Backpack's statement and the information on the related website contain many confusing claims related to FTX EU, FTX, and the U.S. bankruptcy process.
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