FTX EU Fund Claims: Backpack Finally Opens Euro Withdrawals

• Backpack exchange moves closer to paying FTX EU claims.
• Former FTX EU customers must undergo verification ahead of claims.
• Backpack cites potential delays during initial payouts.

Backpack crypto wallet and exchange has initiated the process for former FTX EU customers to claim their Euro funds. 

Eligible FTX customers can do so after completing a two-step process involving verification on the crypto exchange’s website and activating a withdrawal request for their EUR claim balance. This development offers a clear path for FTX Europe customer funds recovery.

Backpack Cites Potential Delays from High Demand for FTX EU Withdrawals

While this latest development boosts former FTX customers’ optimism toward reclaiming their funds, Backpack noted that there could be delays in processing users’ withdrawal requests. 

In a post on X, the regulated crypto exchange cited high demand during the initial rollout as a potential reason for the delays. According to Backpack EU, matching the withdrawal request with banks’ processing time and limits could lead to congestion and delays and delays in the Backpack FTX EU withdrawal process. The exchange is working to manage the how to claim Euro from FTX EU via Backpack system efficiently.

Steps Outlined for Eligible FTX EU Customers to Claim EUR Funds

In the meantime, Backpack outlined the required steps that eligible former FTX customers must follow to qualify for receiving their claims. 

Details on the crypto exchange’s website show that the customers must complete a verification process using the same information as their original FTX EU claim. 

It is worth noting that the customers’ verification processes started on April 1, 2025, and those who passed verification have their final EUR claim balance displayed on Backpack accounts. Such persons can proceed to subsequent steps, completing the provided form with their bank details and uploading bank statements reflecting their details.

Former FTX Customers React to Backpack’s Euro Claim Announcement

Many former FTX customers consider Backpack’s latest announcement refreshing, considering the lengthy duration they have waited to recover their funds from the defunct FTX crypto exchange. 

However, a cautious sentiment remains for most. Many will wait until they actually receive their payments, considering the several twists and turns that followed the funds recovery exercise, which has lasted a few years. 

Also, many of the FTX customers consider the repayment process a loss-limitation exercise, considering how much their investments could have earned during the dormant period. 

That line of thought, however, is not absolute due to the crypto market’s unpredictable nature. The main focus now is on recovering funds from the defunct FTX crypto exchange via Backpack.