Here’s How FTX EU Users Can Claim Their Funds
Backpack Exchange has officially opened the withdrawal process for former FTX EU users, beginning May 12, 2025, after acquiring the platform for $32.7 million earlier this year.
The move will see $55 million distributed to customers impacted by the FTX collapse in 2022.
To claim funds, former FTX EU users must complete a Know Your Customer (KYC) verification form through Backpack’s official website. The exchange emphasized that users must first finish this step before accessing any distributions.
This marks a significant milestone in efforts to restore user confidence and compensate those affected by one of crypto’s most infamous failures.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
