News with the tag "FTX EU"

The ownership of FTX EU has become a point of contention between Backpack Exchange and the FTX estate.

Bankrupt cryptocurrency exchange FTX has publicly denied claims made by Backpack regarding the acquisition of its European subsidiary, FTX EU. In a statement on January 8, FTX clarified that the purported acquisition had neither been approved by the U.S. Bankruptcy Court for the District of Delaware...

FTX says that Backpack has not been authorized to return funds to creditors despite the Solana exchange saying it would take over creditor repayments from FTX.

Backpack Exchange, a cryptocurrency platform founded by former FTX and Alameda Research employees, has stepped forward to handle the distribution of bankruptcy claims for FTX EU customers. The process follows a court-approved settlement aimed at compensating affected users. FTX EU Customers to Recei...

Backpack Exchange, a cryptocurrency trading platform founded by former FTX and Alameda Research employees, has officially acquired FTX EU, the European arm of the collapsed FTX exchange. The acquisition, approved by the FTX bankruptcy court and the Cyprus Securities and Exchange Commission (CySEC), ...

Backpack EU will be responsible for distributing court-approved FTX bankruptcy claims to FTX EU customers as part of the acquisition.

As the second anniversary of FTX dramatic collapse approaches, CySEC has once again extended the operational suspension of FTX Europe. The post Cyprus Extends Suspension of FTX Europe: Lingering Fallout from Collapse appeared first on TheCoinrise.com .

Cyrpus’ securities regulator has extended the suspension on FTX Europe for the fourth time, which stops trading on the platform but allows customers to withdraw funds.

The transfer of the bankruptcy claim from FTX EU Ltd. to FTXCREDITOR, LLC, could have significant impact on stakeholders.

Coinbase, the renowned U.S.-based cryptocurrency exchange, has recently dropped its plans to acquire FTX Europe. Initially, the company had been negotiating to purchase the bankrupt FTX’s European subsidiary, aiming to extend its derivatives business into the European arena. However, a recent report...