FTX Issues Clarification on Backpack’s Acquisition and Fund Repayment Claims
Insolvent cryptocurrency exchange FTX has actually reacted to current claims by Backpack relating to the acquisition of its European arm, FTX EU, and the payment of client funds.
In a declaration launched on January 8, the stopped working crypto company clarified that the U.S. Bankruptcy Court has actually not authorized the sale of FTX EU to Backpack, nor has it been licensed to handle fund circulations to lenders.
Deceptive Statement
On January 7, worldwide crypto-trading platform Backpack revealed through social networks that it had actually obtained FTX EU and would manage financial institution payments for European consumers as part of a court-approved insolvency procedure. Even more, creator Armani Ferrante stressed that the company was devoted to dealing with all pertinent celebrati...
