FTX Denies Approval Of FTX EU Acquisition By Backpack Amid Bankruptcy Proceedings
Bankrupt cryptocurrency exchange FTX has denied allegations that cryptocurrency exchange Backpack has acquired its European subsidiary FTX EU. FTX said the deal has not been approved by the U.S. Bankruptcy Court in Delaware. Backpack announced on January 7, 2025 that it had acquired FTX EU as part of a court-approved bankruptcy process. Backpack claimed that … Read more