Backpack Exchange Opens Fund Withdrawal Process for Former FTX EU Users

Backpack Exchange is now enabling withdrawals of funds for former users of FTX EU after completing its acquisition of the platform in January 2025. The firm has allocated a total of $55 million in euros to eligible customers, and claims can be initiated by May 12th, 2025. Users must complete a KYC (Know Your Customer) process and two-step verification before accessing funds. Claim amounts below $2,158 incur a flat fee while higher sums have a percentage-based fee structure with euro-only withdrawals required for repayment.