FTX EU develops a website for withdrawals to reimburse users in Europe

The Cyprus regulator only authorised FTX EU in March 2022, about seven months before FTX collapsed in November.

FTX EU, the company’s European arm, has established a website where European customers can submit withdrawal requests.

It comes almost five months after the global trading platform declared bankrupt in early November.

According to Finance Magnates, the Cyprus Securities and Exchange Commission authorised the new website domain name — https://ftxeurope.eu/.

The new domain will not offer any goods or services other than reimbursing affected customers, according to the report, which cites an email received by FTX Europe.

“Please be advised that, as you have correctly identified, our new domain, www.ftxeurope.eu, has been approved by our regulator CySEC.” The website will only be used to claim FIAT balances for all FTX EU LTD customers. This website will not provide any services or goods.”

While FTX EU was made accessible to users in the European Union and the Middle East, it is unclear how many people were affected.

Because FTX EU only became available in March 2022 and the global business collapsed in November, numbers are unlikely to be big.

Another subsidiary, FTX Japan, has already made amends to affected consumers. It authorised a total withdrawal of funds of about $50 million in late February.

On November 9, the Cyprus regulator asked that FTX EU suspend its activities, just days before FTX Group and its 130 affiliated companies (including FTX EU) filed for bankruptcy on November 11.

For the brief time that it was in operation, FTX Europe was based in Switzerland.


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