{
BIGG Digital Assets Inc.

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}

ftx estate disputes backpack's authority to return funds to customers

The FTX bankruptcy estate has rejected Backpack's claim of authority to return funds to former FTX EU customers, asserting that Backpack was not authorized by the U.S. Bankruptcy Court. Despite Backpack's acquisition of FTX EU and regulatory approval from CySEC, the estate insists that fund distributions must adhere to the court-approved process, leaving former customers in uncertainty regarding their funds.
Crypto News Flash
Euro United States Dollar BIGG Digital Assets Inc. USA CYP Robin Matzke Patrick Gruhn
Regulatory & Legal, News Article
13:49 09.01.2025
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