2 years ago
FTX EU was lone approved by the Cyprus regulator successful March, 2022, astir 7 months earlier FTX collapsed successful November.
86 Total views
1 Total shares
Own this portion of past
Collect this nonfiction arsenic an NFT
The European limb of FTX, FTX EU has launched a website to let European customers to taxable withdrawal requests.
It comes astir 5 months aft the planetary trading level collapsed and went bankrupt successful aboriginal November.
The caller website domain sanction — https://ftxeurope.eu/ — was reportedly approved by the Cyprus Securities and Exchange Commission according to a study successful Finance Magnates.
A screenshot of the recently launched website to retreat funds from FTX EU. Source: FTX EuropeThe caller domain volition not connection immoderate products oregon services different than to wage backmost impacted customers, the study said, referencing an email received by FTX Europe.
"Please beryllium informed that our caller domain, www.ftxeurope.eu, has been approved by our regulator CySEC arsenic you person good identified. The website volition lone beryllium utilized for each FTX EU LTD clients to beryllium capable to assertion their FIAT balances. There volition beryllium nary services oregon products offered via this website."While FTX EU was made disposable to users successful the Europe Economic Area and Middle East, it is not wide however galore users were impacted.
FTX EU lone became disposable successful March 2022 and the planetary endeavor collapsed successful November, truthful numbers are not expected to beryllium large.
FTX EU, a solvent entity, is present paying retired its customers connected https://t.co/MEw8Oz8vTk.
Note: Almost nary of FTX's EU citizens are FTX EU users, due to the fact that for immoderate reason, FTX EU lone onboarded customers registered from March 2022. pic.twitter.com/gu56Vysvlc
FTX Japan is different subsidiary that has already made amends to impacted customers. In precocious February, it allowed a total withdrawal of funds, which amounted to astir $50 million.
Related: FTX customers privation much info connected FTX’s plans to merchantability subsidiaries
The Cyprus regulator requested FTX EU to suspend its operations connected Nov 9, soon earlier FTX Group and its 130 affiliated companies (including FTX EU) officially filed for bankruptcy on Nov 11.
FTX Europe was headquartered successful Switzerland for the comparatively abbreviated duration that it operated.
Magazine: Can you spot crypto exchanges aft the illness of FTX?
The FTX EU website has been approved by the Cyprus securities regulator: Source: Cyprus Securites and Exchange Commission
English (US) 