Backpack has completed the acquisition of FTX EU and has initiated the user fund refund process today.

BlockBeats News, April 1st, According to official sources, global compliant cryptocurrency exchange Backpack announced the completion of the acquisition of FTX EU. Effective immediately, Backpack EU has officially initiated the asset recovery process and fund distribution process, providing original FTX EU users with a clear and convenient fund return service to help users recover previously frozen fiat assets.

After this acquisition is completed, Backpack will re-enable the license held by FTX EU and will provide comprehensive cryptocurrency derivative trading services within the European Union in the future.