FTX and Backpack dispute sale of European arm to former insiders’ crypto platform

Oluwapelumi Adejumo

The bankrupt FTX exchange has challenged the announced sale of its European subsidiary, FTX EU, to Backpack, a crypto platform founded by former FTX employees. In a Jan. 8 statement, FTX clarified that its subsidiary FTX Europe AG wholly owns FTX EU. The company stated that the anticipated transfer of FTX EU shares to former […]

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FTX and Backpack dispute sale of European arm to former insiders’ crypto platform