FTX EU launches withdrawal website to pay back European users


The European arm of FTX, FTX EU has launched a web site to permit European clients to submit withdrawal requests.

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

The brand new web site area title — https://ftxeurope.eu/ — was reportedly authorized by the Cyprus Securities and Change 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 apart from paying again impacted clients, the report mentioned, referencing an e-mail acquired by FTX Europe.

“Please be told that our new area, www.ftxeurope.eu, has been authorized by our regulator CySEC as you will have effectively recognized. The web site will solely be used for all FTX EU LTD purchasers to have the ability to declare their FIAT balances. There might be no providers or merchandise supplied through this web site.”

Whereas FTX EU was made accessible to customers within the Europe Financial Space and Center East, it’s not clear what number of customers had been impacted.

FTX EU only became available 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 clients. In late February, it allowed a total withdrawal of funds, which amounted to about $50 million.

Associated: FTX customers want more info on FTX’s plans to sell subsidiaries

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

FTX Europe was headquartered in Switzerland for the comparatively brief length that it operated.

Journal: Can you trust crypto exchanges after the collapse of FTX?

The FTX EU web site has been authorized by the Cyprus securities regulator: Supply: Cyprus Securities and Change Fee