{
}
FTX has stated that Backpack's acquisition of its European arm, FTX EU, has not been approved by the bankruptcy court, and Backpack is not authorized to manage creditor repayments. Backpack announced the acquisition on January 7, claiming it would handle repayments to EU customers, but FTX clarified that it was unaware of any indirect sale to Backpack prior to this week. The reorganization plan for FTX took effect on January 3, allowing creditors to begin receiving repayments, with initial distributions expected within 60 days for eligible claims.
Tristan Yver
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
FTX disputes Backpack's acquisition of European arm amid bankruptcy proceedings
02:56 09.01.2025
Trending
Subcategory
Industry Trends
Corporate News
Startups & Entrepreneurship
Global Trade Developments
Retail and Consumer Goods
Supply Chain Management
Government Economic Policies
Workplace Trends
Industry Mergers & Acquisitions
Stock Market Updates
Fintech Startups
Venture Capital Investments
Financial Scams and Security
Finance Mergers & Acquisitions
CEO Changes
Cryptocurrency Trends
Emerging Startups
Cryptocurrency & Blockchain Regulations
Funding Rounds & Investments
Energy Sector Developments
Countries:
Companies:
Apple Inc.
Google Inc.
Alphabet Inc.
NVIDIA Corporation
Tesla, Inc.
Microsoft Corporation
Amazon.com, Inc.
Delhivery Limited
Ecom Express Ltd.
Foxconn Technology Co., Ltd.
Samsung SDI Co., Ltd.
SWIGGY LIMITED
UWS JP Morgan EM A OSB
Netflix, Inc.
Airbnb, Inc.
Adobe Inc.
GEELY AUTO
TENCENT
CarTrade Tech Limited
Concrete Credit Limited
Currencies:
United States Dollar
Indian Rupee
Chinese Yuan
Euro
Japanese Yen
South Korean Won
Algerian Dinar
Vietnamese Đồng
Indonesian Rupiah
Australian Dollar
Egyptian Pound
Saudi Riyal
Swiss Franc
British Pound Sterling
Russian Ruble
Pakistani Rupee
People: