
FTX says that Backpack has not been authorized to return funds to creditors despite the Solana exchange saying it would take over creditor repayments from FTX.
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Backpack EU will be responsible for distributing court-approved FTX bankruptcy claims to FTX EU customers as part of the acquisition.
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FTX EU was only approved by the Cyprus regulator in March 2022, about seven months before FTX collapsed in November.
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