Quick Breakdown Backpack EU, operating as Trek Labs Europe, has launched a perpetual futures platform in Europe. The company refunded all former FTX EU customers before relaunching. CySEC reinstated its MiFID II license after a €200,000 settlement for past violations. Backpack steps in after acquiring FTX EU and settling with ...
Backpack has rolled out a dedicated portal to help FTX creditors sell their debt claims directly to institutional buyers. The launch was announced on July 18 via Backpack’s Chinese X account, positioning the initiative as a “non-profit, neutral” solution for those still reeling from FTX’s dramatic collapse in 2022. Backpack ...
Backpack, a cryptocurrency exchange founded by former FTX executives, has officially opened the fund claim process for FTX’s European customers as part of the broader effort to distribute recovery funds from FTX’s bankruptcy. In an April 1 announcement, Backpack unveiled a two-step process for FTX EU customers to reclaim their ...
Backpack Exchange has issued a statement addressing confusion surrounding its acquisition of FTX EU, following conflicting claims from the FTX estate and growing concerns about customer fund responsibility. The FTX estate recently claimed that "100% of the share capital of FTX EU is held by FTX Europe AG, which is ...
Crypto trading platform Backpack has announced the appointment of Laurence King as its new head of audit. According to a recent press release, King, a banking veteran with nearly three decades of experience at major financial institutions, joins Backpack to reinforce the company's commitment to transparency and audit integrity. King's ...
