FTX EU launches withdrawal web site to pay again European customers

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The European arm of FTX, FTX EU has launched an internet site to permit European prospects to submit withdrawal requests.

It comes practically 5 months after the worldwide buying and selling platform collapsed and went bankrupt in early November.

The brand new web site area title — — was reportedly accredited by the Cyprus Securities and Alternate Fee based on a report in Finance Magnates.

A screenshot of the newly launched web site to withdraw funds from FTX EU. Supply: FTX Europe

The brand new area won’t supply any services or products aside from to pay again impacted prospects, the report mentioned, referencing an electronic mail obtained by FTX Europe.

“Please be informed that our new domain, www.ftxeurope.eu, has been approved by our regulator CySEC as you have well identified. The website will only be used for all FTX EU LTD clients to be able to claim their FIAT balances. There will be no services or products offered via this website.”

Whereas FTX EU was made out there to customers within the Europe Financial Space and Center East, it isn’t clear what number of customers had been impacted.

FTX EU solely turned out there in March 2022 and the worldwide enterprise collapsed in November, so numbers should not anticipated to be massive.

FTX Japan is one other subsidiary that has already made amends to impacted prospects. In late February, it allowed a complete withdrawal of funds, which amounted to about $50 million.

Associated: FTX prospects need extra information on FTX’s plans to promote subsidiaries

The Cyprus regulator requested FTX EU to droop its operations on Nov 9, shortly earlier than FTX Group and its 130 affiliated corporations (together with FTX EU) formally filed for chapter on Nov 11.

FTX Europe was headquartered in Switzerland for the comparatively quick period that it operated.

Journal: Are you able to belief crypto exchanges after the collapse of FTX?

The FTX EU web site has been accredited by the Cyprus securities regulator: Supply: Cyprus Securites and Alternate Fee