FTX EU creditors can now withdraw funds via Backpack exchange, following a new claims process.
Backpack CEO Armani Ferrante emphasizes robust risk management during market volatility to ensure user security.
Backpack Exchange, founded by ex-FTX staff, buys FTX EU to revive regulated crypto services in Europe. Armed with a MiFID II license, Backpack aims to secure trading and offer crypto derivatives. The move may fill gaps as unregulated exchanges exit due to stricter rules.
Armani Ferrante, CEO of Backpack, discusses the creation of Backpack super app on Solana and the promising future of the crypto economy.
