FTX says Backpack acquisition of EU arm has not been approved by court
![FTX says Backpack acquisition of EU arm has not been approved by court FTX says Backpack acquisition of EU arm has not been approved by court](https://i0.wp.com/images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDEvMDE5NDQ4NzEtYTI2Ny03M2ZjLWFlNDctMWQwODQ1ZjhiOTk1.jpg?w=1200&resize=1200,0&ssl=1)
Source: Coin Tegraph
FTX says that Backpack has not been authorized to return funds to creditors despite the Solana exchange saying it would take over creditor repayments from FTX.