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FTX EU launches withdrawal web site to pay again European customers


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

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

The brand new web site area title — https://ftxeurope.eu/ — was reportedly accredited by the Cyprus Securities and Trade 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 paying again impacted prospects, the report mentioned, referencing an e mail acquired by FTX Europe.

“Please learn that our new area, www.ftxeurope.eu, has been accredited by our regulator CySEC as you could have properly recognized. The web site will solely be used for all FTX EU LTD purchasers to have the ability to declare their FIAT balances. There shall be no companies or merchandise provided by way of this web site.”

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 have been impacted.

FTX EU solely grew to become out there in March 2022 and the worldwide enterprise collapsed in November, so numbers usually are not anticipated to be giant.

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 length 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 Securities and Trade Fee