TechFlow news, May 12 — Backpack Exchange announced it will officially begin the withdrawal process for former FTX EU users on May 12, 2025, preparing for a full-scale entry into the European Union market.
Previously, Backpack Exchange acquired FTX EU on January 7, 2025, during the first quarter of 2025, taking responsibility for distributing funds belonging to FTX EU customers that had been frozen since FTX's bankruptcy filing. As a key part of this effort, Backpack launched a dedicated KYC page for former FTX EU users in April.
The initiation of this withdrawal process marks the final step for former FTX EU users to fully recover their funds.
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