The crypto exchange Backpack has started the claims process for users affected by the FTX EU collapse. This is a welcome update for European users who lost funds.
- Users must verify their identity on Backpack's website.
- The claims process involves using the same email as on FTX EU.
- Further steps for fund withdrawals will be announced soon.
- Major repayments for FTX creditors are expected by May 30.
| Important Figures | Details |
|---|---|
| Repayment Amount | $50,000 |
| Claim Recovery Rate | 118% |
