The move will see $55 million distributed to customers impacted by the FTX collapse in 2022.
To claim funds, former FTX EU users must complete a Know Your Customer (KYC) verification form through Backpack’s official website. The exchange emphasized that users must first finish this step before accessing any distributions.
This marks a significant milestone in efforts to restore user confidence and compensate those affected by one of crypto’s most infamous failures.
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