Close Menu
StreamLineCrypto.comStreamLineCrypto.com
  • Home
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT
  • Defi
  • Blockchain
  • Metaverse
  • Regulations
  • Trading
What's Hot

Here’s The Best Time To Buy Bitcoin As Impulse Wave Sets Path To $150,000

October 7, 2025

Ethereum Faces TD Sell Signal At Key Resistance—$4,100 Next?

October 7, 2025

Dutch crypto firm Amdax raises $35m to buy Bitcoin

October 7, 2025
Facebook X (Twitter) Instagram
Tuesday, October 7 2025
  • Contact Us
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms of Use
  • DMCA
Facebook X (Twitter) Instagram
StreamLineCrypto.comStreamLineCrypto.com
  • Home
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT
  • Defi
  • Blockchain
  • Metaverse
  • Regulations
  • Trading
StreamLineCrypto.comStreamLineCrypto.com

Backpack begins identity verification to repay FTX EU claimants

April 1, 2025Updated:April 1, 2025No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Backpack begins identity verification to repay FTX EU claimants
Share
Facebook Twitter LinkedIn Pinterest Email
ad


Crypto trade Backpack has formally launched the claims course of for customers of the now-defunct FTX EU platform, in accordance with an April 1 assertion.

BackPack CEO Armani Ferrante stated:

“It’s been a protracted, sophisticated course of with a number of events, however we’re joyful to lastly open up identification verification for FTX EU clients on [our website.]”

In line with BackPack’s web site, claimants should full KYC (Know Your Buyer) verification utilizing the identical electronic mail handle they used on FTX EU. This requirement goals to substantiate the legitimacy of every declare and forestall fraudulent requests.

In the meantime, the second step, which entails fund withdrawals, has but to be introduced. Backpack said that additional directions would comply with quickly.

Ferrante added:

“Returning funds as rapidly and safely as attainable is our primary precedence, and we’re right here to reply any questions alongside the best way.”

FTX ties with BackPack

This improvement offers some respite for the European customers of the failed trade.

Backpack’s involvement with FTX EU started in January 2025 when a chapter court docket accredited its request to amass the entity.

The acquisition additionally granted Backpack entry to the MiFID II license held by FTX EU beneath the Cyprus Securities and Trade Fee (CySEC). This regulatory approval permits Backpack to supply compliant crypto derivatives, together with perpetual futures, throughout the European Union.

Backpack agreed to handle the claims and reimbursements owed to FTX EU clients as a part of the acquisition deal.

On the time, Ferrante emphasised that the corporate’s duty was to revive person funds, important to rebuilding belief within the digital asset business.

FTX reimbursement efforts

This improvement comes because the broader FTX property prepares for its first spherical of huge creditor repayments.

The bankrupt trade plans to disburse claims over $50,000 by Might 30, greater than two years after its collapse in November 2022.

FTX has said that almost all claimants will recuperate 118% of their money owed based mostly on values from the chapter submitting date.

Nonetheless, some collectors argue that the determine doesn’t replicate the rise in crypto costs since then.

Talked about on this article
Backpack begins identity verification to repay FTX EU claimantsXRP Turbo
Newest Alpha Market Report



Source link

ad
Backpack begins claimants FTX identity repay verification
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Related Posts

Here’s The Best Time To Buy Bitcoin As Impulse Wave Sets Path To $150,000

October 7, 2025

Ethereum Faces TD Sell Signal At Key Resistance—$4,100 Next?

October 7, 2025

Dutch crypto firm Amdax raises $35m to buy Bitcoin

October 7, 2025

Why did BTC reach a new all-time high?

October 7, 2025
Add A Comment
Leave A Reply Cancel Reply

ad
What's New Here!
Here’s The Best Time To Buy Bitcoin As Impulse Wave Sets Path To $150,000
October 7, 2025
Ethereum Faces TD Sell Signal At Key Resistance—$4,100 Next?
October 7, 2025
Dutch crypto firm Amdax raises $35m to buy Bitcoin
October 7, 2025
Why did BTC reach a new all-time high?
October 7, 2025
Solana ETF vs. Ether: Can SOL Outperform ETH?
October 7, 2025
Facebook X (Twitter) Instagram Pinterest
  • Contact Us
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms of Use
  • DMCA
© 2025 StreamlineCrypto.com - All Rights Reserved!

Type above and press Enter to search. Press Esc to cancel.