Backpack, a Solana-based cryptocurrency exchange, has officially announced the completion of its acquisition of FTX EU. This acquisition marks a significant step for Backpack as it plans to leverage FTX EU's existing license to offer cryptocurrency derivative trading services within the European Union. According to their official X account, Backpack intends to resume the process of returning funds to former FTX EU users, starting today. This is welcome news for those affected by the FTX collapse and represents a positive development in the ongoing efforts to reimburse creditors. Backpack's entry into the EU market promises increased competition and innovative trading solutions for European crypto enthusiasts. The acquisition signals Backpack's ambition to expand its global footprint and solidify its position within the cryptocurrency exchange landscape. ```