Backpack announces ”FTX EU acquisition”…FTX denies ”court approval”

FTX announced that Solana-based exchange Backpack would return funds to creditors on FTX's behalf, but this has not been approved by the court.
Bankrupt cryptocurrency exchange FTX announced on the 8th (local time) that Backpack had acquired FTX's European subsidiary (FTX
The fact that the company acquired EU was not approved by the Delaware Bankruptcy Court in the United States,
Backpack announced that it had not been authorized to proceed with distributions to FTX creditors.
As part of a court-approved bankruptcy proceeding, it announced it had acquired the EU.
Armani Ferrante, founder of the backpack brand, said he was responsible for paying off debts owed to EU customers.
Ferrante said, "We will not service a single transaction in the EU until Backpack has the ability to repay FTX's creditors."
"We will be ready to repay as early as February," he added. However, FTX has not yet confirmed the details of the FTX Backpack claim.
The EU acquisition has not yet closed and is pending approval by the US Bankruptcy Court of Delaware.
In addition, Backpack's press release was issued without the prior approval or involvement of FTX, and all statements made by Backpack were made without the prior approval of FTX.
He emphasized that.