The European division of FTX, FTX EU, has launched a website for European clients to submit withdrawal requests.
This comes almost five months after the global trading platform crashed and crashed in early November.
According to a report by Finance Magnates, the Cyprus Securities and Exchange Commission approved the new domain name for the website, https://ftxeurope.eu/.
The new domain will not offer any other products or services other than refund to affected customersaccording to the report, which references an email received by FTX Europe.
“We inform you that our new domain, www.ftxeurope.eu, has been approved by our CySEC regulator as you have well identified. The website will only be used for all clients of FTX EU LTD to claim their FIAT balances. No services or products will be offered through this website.”
Although FTX EU has been made available to users in the European Economic Area and the Middle East, it is not clear how many users were affected.
FTX EU didn’t become available until March 2022 and the global company collapsed in November, so the numbers aren’t expected to be big..
FTX EU, a solvent entity, is now paying out its customers on https://t.co/MEw8Oz8vTk.
Note: Almost none of FTX’s EU citizens are FTX EU users, because for some reason, FTX EU only onboarded customers registered from March 2022. pic.twitter.com/gu56Vysvlc
— FTX 2.0pium (FTX Creditor) (@AFTXcreditor) March 30, 2023
FTX EU, a creditworthy entity, will pay its clients at https://t.co/MEw8Oz8vTk. Note: Hardly any of FTX’s EU citizens are FTX EU users, as for some reason FTX EU only onboarded registered customers as of March 2022. pic.twitter.com/gu56Vysvlc
FTX Japan is another of the subsidiaries that has already amended the plan to affected customers. At the end of February, he allowed a total withdrawal of funds, which amounted to about USD 50 million.
The Cypriot regulator asked FTX EU to suspend operations on November 9, shortly before FTX Group and its 130 subsidiaries (including FTX EU) officially filed for bankruptcy on November 11..
FTX Europe was headquartered in Switzerland during the relatively short period in which it operated.
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