FTX EU launches withdrawal website to refund European users

FTX EU, the European arm of FTX, has launched a website where European clients can submit withdrawal requests.

This comes nearly five months after the global trading platform collapsed and filed for bankruptcy in early November.

The new website domain name – https://ftxeurope.eu/ – was reportedly approved by the Cyprus Securities and Exchange Commission according to a report in Finance Magnates.

Screenshot of the recently launched website for withdrawing funds from FTX EU. Source: ftx europe

Citing an email obtained by FTX Europe, the report states that the new domain will not offer any products or services other than reimbursing affected customers.

“Please note that our new domain, www.ftxeurope.eu, has been approved by our regulator CySEC, as you have correctly identified. The website is only used for all FTX EU LTD clients to claim their FIAT credits. No service or product will be offered through this website.

While FTX EU has been made available to users in the European Economic Area and the Middle East, it is unclear how many users were affected.

FTX EU only became available in March 2022 and global trading collapsed in November, so the numbers are not expected to be large.

FTX Japan is another subsidiary that has already made corrections with affected customers. At the end of February, it allowed total withdrawals amounting to around $50 million.

Connected: FTX customers seek more details on FTX’s plans to sell subsidiaries

The Cyprus regulator requested FTX EU to suspend its operations on Nov. On 9 November, FTX Group and its 130 affiliates (including FTX EU) officially filed for bankruptcy. 11.

For its relatively short period of operation, FTX Europe was headquartered in Switzerland.

magazine: Can You Trust Crypto Exchanges After the Collapse of FTX?

The FTX EU website has been approved by the Cyprus Securities Regulator: Source: Cyprus Securities and Exchange Commission

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