Backpack Exchange announces that the withdrawal process for former FTX EU users will officially start on May 12, 2025. Previously, Backpack Exchange acquired FTX EU on January 7, 2025, and is responsible for the distribution of frozen FTX EU customer funds since FTX filed for bankruptcy. As an important part of this work, Backpack launched a KYC page specifically for former FTX EU users in April, in preparation for the upcoming withdrawal process. The launch of this withdrawal process is the final step for former FTX EU users to reclaim their funds.