Deep Tide TechFlow News, on May 12, Backpack Exchange announced that it will officially launch the withdrawal process for former FTX EU users on May 12, 2025, in preparation for a full entry into the EU market.
Previously, Backpack Exchange acquired FTX EU in the first quarter of 2025 (January 7) and is responsible for distributing the frozen FTX EU customer funds since FTX filed for bankruptcy. As an important part of this work, Backpack launched a KYC page dedicated to former FTX EU users in April.
The initiation of this withdrawal process is the final step for former FTX EU users to reclaim their funds.
