FTX Europe
FTX EU Acquisition in Jeopardy? Backpack Does Not Have Court Approval
- According to FTX, Backpack is indirectly acquiring the Cypriot unit from former FTX employees who still do not own the division.
- Backpack also lacks authorisation to distribute funds to stressed FTX customers.
Thursday, 09/01/2025 | 05:58 GMT by
Arnab Shome
Fallen Crypto Exchange FTX EU Has a New Owner, but License Remains Suspended
- Backpack has acquired FTX EU, gaining a MiFID II authorization for European operations via CySEC.
- However, according to the Cypriot regulator's decision, the collapsed exchange license will be suspended until at least May 30, 2025.
Tuesday, 07/01/2025 | 08:00 GMT by
Damian Chmiel
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