Cryptocurrency exchange Backpack announced that customers of the defunct crypto exchange FTX EU can begin claiming their funds through its platform. Starting May 12th, clients who selected Backpack as their redistribution service can access their euro balance. Before withdrawing funds, users must complete Know Your Customer (KYC) verification on the exchange, according to Backpack’s support page. It also states that KYC details on the platform must align with those provided to FTX EU, and failing to do so may require contacting Backpack EU support for account updates. This process ensures a smooth verification process and avoids delays in accessing your funds.