Backpack recently announced it acquired FTX EU for $32.7 million, but FTX claims it was unaware of this deal, denying responsibility for repaying FTX EU customers and questioning the validity of Backpack's statements. Backpack stated it would rename FTX EU to Backpack EU as it prepares to address customer claims. The tension appears linked to a prior lawsuit regarding FTX EU, which FTX sold back to its original founders for the same amount just a month earlier, after not finding another buyer. This raises questions about Backpack's decision to pay the full amount without negotiating a lower price, especially given its limited prior funding of $17 million. Despite the uncertainties and FTX's response to Backpack's press release, the essential fact remains that Backpack now owns FTX EU. The situation reflects the ongoing complications following the FTX collapse and the contentious nature of these transactions.

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