Backpack now allows former FTX EU users to reclaim euro balances after KYC verification, following its acquisition of the bankrupt crypto platform’s EU arm.
Crypto exchange Backpack announced that customers of the defunct crypto exchange FTX EU can begin reclaiming their funds through its service.
According to a May 12 X post, Backpack now allows FTX EU users who selected it as the redistribution platform to claim their euro balance. Users must first complete Know Your Customer (KYC) verification on the exchange before they can withdraw funds.
Backpack’s support page also explains that the KYC details on the platform must match the ones provided to FTX EU:
