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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Backpack Exchange claims it legally acquired FTX EU, but the FTX estate disputes this, asserting ownership remains with FTX Europe AG. The estate also challenges Backpack's authority to manage creditor repayments, raising concerns among FTX EU customers about the repayment process and the involvement of other entities like Kraken and Bitgo.
Backpack Exchange has claimed ownership of FTX EU after regulatory approval from CySEC, asserting it purchased the assets from co-founders Patrick Gruhn and Robin Matzke. However, the FTX estate disputes this, stating that FTX EU shares remain with FTX Europe AG and that Backpack is unauthorized to manage creditor repayments, causing confusion among former customers regarding fund distribution.
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.
Patrick Gruhn
People
01:21 10.01.2025
14:22 09.01.2025
13:49 09.01.2025
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