European division of FTX launches website for refunds to users
The division will not offer any services or products other than customer asset reimbursement
31.03.2023 - 10:45
391
2 min
0
The European arm of FTX, FTX EU has launched a website to allow European customers to submit withdrawal requests.
It comes nearly five months after the global trading platform collapsed and went bankrupt 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.
A screenshot of the newly launched website to withdraw funds from FTX EU. Source: FTX Europe
The new domain will not offer any products or services other than paying back impacted customers, the report said, referencing an email received 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.”
While FTX EU was made available to users in the Europe Economic Area and Middle East, it is not clear how many users were impacted.
FTX EU only became available in March 2022 and the global enterprise collapsed in November, so numbers are not expected to be large.
FTX Japan is another subsidiary that has already made amends to impacted customers. In late February, it allowed a total withdrawal of funds, which amounted to about $50 million.
The Cyprus regulator requested FTX EU to suspend its operations on Nov. 9, shortly before FTX Group and its 130 affiliated companies (including FTX EU) officially filed for bankruptcy on Nov 11.
FTX Europe was headquartered in Switzerland for the relatively short duration that it operated.
This material is taken from the website https://cointelegraph.com.
Useful material?
Telegram 
Twitter Technologies
Network fees will be integrated into the cost of swaps
Nov 22, 2024
Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Cryptocurrency rates
-
Bitcoin
$96 596
BTC
-1.4%
-
Ethereum
$3 332.05
ETH
-2.87%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.4
XRP
-6.36%
-
Dogecoin
$0.420521
DOGE
-2.63%
-
Cardano
$0.99333
ADA
-6.9%
-
Stellar XLM
$0.536543
XLM
+4.66%
-
Polkadot
$8.52
DOT
-3.23%
-
Bitcoin Cash
$503.92
BCH
-1.32%
-
Litecoin
$96.37
LTC
-3.13%