FTX Denounces Unauthorized Sale of Its European Subsidiary
20h27 ▪
3
min read ▪ by
The FTX affair continues to keep the crypto community on edge. This notably refers to the recent sale of the European subsidiary of the company to Backpack. This triggered a heated controversy in the crypto world. Today, Backpack claims to have received approval from the Cypriot regulator. For its part, FTX states that this sale was not authorized by the American court in charge of the bankruptcy. So what is the bottom line of the story?
The FTX Debtors today provided clarification on certain statements by Backpack relating to Backpack’s purported acquisition of FTX EU. Read more here: https://t.co/WVwfNXBKRj
— FTX (@FTX_Official) January 8, 2025
