FTX, the bankrupt cryptocurrency exchange, has officially denied the buzz about Backpack acquiring its European subsidiary. The rumors surfaced amid FTX's ongoing bankruptcy proceedings, raising eyebrows across the crypto industry.
FTX confirmed that no approval has been granted for any such acquisition, aiming to quash the speculations. Curious minds in the industry remain vigilant as the scenario unfolds, awaiting any further twists in the bankruptcy process involving Backpack's alleged interest.
