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Ftx Disputes Sale of EU Assets to Ex-Employees Is Complete
FTX Bankruptcy Estate Hits Out Over 'Unauthorized' Sale of FTX EU to Backpack Exchange
Backpack, which announced its acquisition of the European arm of bankrupt exchange FTX on Monday, has not been authorized by FTX to make any distributions to any FTX customers or other creditors, the FTX bankruptcy estate said.
FTX Disputes the Sale of EU Assets to Ex-Employees Is Complete
Fried’s former crypto enterprise appeared to be settled: Dubai-based Backpack Exchange said it had purchased FTX EU after months of wrangling.
Backpack Exchange and FTX clash over FTX EU ownership
Backpack Exchange, a centralized cryptocurrency platform, has responded to claims made by the FTX Recovery Trust disputing the legality of its acquisition of FTX EU. On Jan. 8, Backpack said it had acquired FTX EU after obtaining regulatory approval from the Cyprus Securities and Exchange Commission (CySEC) in December 2024.
FTX EU Sale Sparks Dispute between Bankruptcy Estate and Backpack Exchange
Tensions may have boiled over between FTX bankruptcy estate and Backpack, a wallet firm and crypto exchange, over FTX EU sale.
FTX Clarifies Certain Statements by Backpack Regarding Backpack's Purported Acquisition of FTX EU
FTX Trading Ltd. (d/b/a. FTX.com) and the FTX Recovery Trust (collectively "FTX") today clarify certain statements made by the Backp
coinspeaker
15h
Kraken Woos FTX Creditors with New Reward Scheme
Kraken Exchange has made an offer to impacted FTX creditors expecting payment in the bankruptcy distribution to trade with no ...
2d
on MSN
Former FTX, Alameda Staff Acquires Failed Firm’s European Entity
Backpack Exchange, a crypto trading platform founded by one-time employees of Sam Bankman-Fried’s FTX and Alameda Research ...
Crowdfund Insider
3d
Failed Crypto Exchange FTX’s Repayment Plan Is Now Effective
As per the plan, certain FTX clients who may be claiming an amount less than $50,000 may expect to get their funds returned ...
cryptonews
21h
Backpack Addresses FTX EU Acquisition Controversy, Plans to Return Customer Funds
Backpack addresses the controversy over its acquisition of FTX EU, asserting regulatory approval while committing to return ...
New York Sun
3d
FTX To Begin Bankruptcy Payouts — but Was Sam Bankman-Fried ‘Misled’ and ‘Pressured’ Into Giving Up a Profitable Crypto Colossus?
The fallen founder maintains that he never intended to defraud anyone and that his exchange had enough assets to make his ...
Ripple
3d
FTX Starts Repaying Creditors After Two-Year Wait
FTX begins creditor repayments in accordance with a court-approved scheme, beginning with modest claims and expands to larger ...
thecurrencyanalytics
4d
FTX Begins Customer Repayments for Convenience Class Creditors
FTX starts its repayment plan with a $1.2 billion payout for convenience class creditors, offering 119% compensation on ...
Inside Bitcoins
2d
MadLads NFT Creator BackPack Buys FTX EU- Here’s More Info..
Backpack, the team behind the popular MadLads non-fungible token collections, has acquired the European arm of FTX. Here's ...
Cryptopolitan on MSN
1d
FTX creditor raises concern about bankruptcy managers’ excessive spending
FTX Creditor Linda Favario has filed a complaint with the US Bankruptcy Court over the extravagant spending of the FTX ...
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European Union
Backpack
Sam Bankman-Fried
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