📢 Key Updates on FTX EU and Backpack Claims:
- FTX clarifies that Backpack has not acquired FTX EU or been involved in the U.S. Bankruptcy Court-approved process for returning funds to creditors.
- The 100% ownership of FTX EU remains with FTX Europe AG, a subsidiary of FTX.
- Backpack’s recent press release and website statements regarding the acquisition of FTX EU were issued without FTX’s knowledge or approval and contain misleading information.
Bankruptcy Court Details:
- The U.S. Bankruptcy Court has not approved any acquisition of FTX EU by Backpack.
- FTX EU's sale was previously agreed upon to certain former insiders of FTX Europe under a court-approved settlement. FTX was unaware of any indirect transfer of FTX EU shares to Backpack.
Customer Fund Recovery:
- Backpack has no authority to distribute funds to FTX creditors, including former FTX EU customers.
- Any funds owed by FTX EU to its customers are to be determined solely by FTX EU after the completion of its sale. FTX explicitly states it is not responsible for these repayments.
Official Bankruptcy Updates:
- FTX’s Chapter 11 Plan of Reorganization became effective on January 3, 2025, with the initial distribution expected within 60 days of this date.
- Updates on the reorganization plan and creditor distributions are available at [FTX Bankruptcy Proceedings](https://cases.ra.kroll.com/FTX/).
