FTX EU Creditors Can Withdraw Funds From The Backpack

Backpack, a cryptocurrency exchange, revealed that users of the now-defunct FTX EU can start recuperating their funds via its platform. As stated in a post on X dated May 12, Backpack has enabled FTX EU users who chose it for the redistribution process to access their euro balances. To initiate this, users need to first undergo Know Your Customer (KYC) verification.

Former FTX EU customers may now complete the two-step process to claim their Euro funds via Backpack EU.

1. Get Verified
2. Withdraw Funds

Start here: https://t.co/qvUDpbs6oi pic.twitter.com/26Bkk2Zum3

— Backpack 🎒 (@Backpack) May 12, 2025