Backpack Exchange Disputes FTX EU Ownership Claim

A legal battle is brewing over the ownership of FTX EU. Backpack Exchange has publicly challenged the FTX estate’s claim to the European subsidiary, asserting its own rights to the assets and operations. The dispute highlights the complex legal landscape surrounding the collapsed cryptocurrency exchange and its various international entities. Both parties are reportedly preparing for a protracted legal fight to determine the rightful owner, with significant financial implications at stake. Industry experts are closely watching the case, as it could set a precedent for future disputes involving bankrupt cryptocurrency companies and their subsidiaries.