🚀 FTX Europe's rollercoaster ride has come full circle! The bankrupt crypto exchange sold its European division back to its founders for $32.7 million, after a legal tussle and some serious buyer-hunting.
- FTX acquired Swiss startup Digital Assets AG (DAAG) for $323 million in 2021, but things went south quickly 📉
- FTX filed a lawsuit, alleging "massive overpayment" and misuse of customer funds 💸
- Founders Patrick Gruhn and Robin Matzke fought back, demanding $256.6 million from FTX 🥊
- Coinbase, Trek Labs, and Crypto.com all eyed FTX Europe, but the founders swooped in for the win 🏆
Now, FTX is wrapping up its bankruptcy process, aiming to repay billions to customers. What a wild ride! 🎢