Backpack has opened the fund claim process for former FTX EU customers following its acquisition of the entity.
The process involves two key steps: first, KYC verification to confirm identity, and second, the fund withdrawal phase, with specific details to be announced soon.
This fund recovery plan is separate from the global FTX creditor repayment efforts currently being managed by Kraken and BitGo, following the FTX EU acquisition.
Backpack, a cryptocurrency exchange, has initiated the claims process for European customers affected by FTX's collapse after acquiring FTX EU.