Backpack Exchange officially launches fund withdrawal process for FTX EU users

CoinRank News: Backpack Exchange announced that it will officially launch the withdrawal process for former FTX EU users on May 12, 2025. Previously, Backpack Exchange acquired FTX EU in the first quarter of 2025 (January 7) and was responsible for handling the distribution of FTX EU customer funds that had been frozen since FTX filed for bankruptcy. As an important part of this work, Backpack launched a KYC page for former FTX EU users in April to prepare for the upcoming withdrawal process. The launch of this withdrawal process is the last step for former FTX EU users to finally get their funds back.