- FTX EU has launched a website to allow European customers to submit withdrawal requests.
- FTX EU was only approved by the Cyprus regulator in March 2022, about seven months before FTX collapsed in November.
- FTX EU closed operations on Nov 9th, after FTX files for Chapter 11 bankruptcy.
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.
The report said that the new domain would not offer any products or services other than paying back impacted customers, referencing an email FTX Europe received.
“Please be informed that our new domain, www.ftxeurope.eu, has been approved by our regulator CySEC as you have identified well. 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 the Middle East, it is still being determined how many users were impacted.
FTX EU only became available in March 2022, and the global enterprise collapsed in November, so numbers are expected to be insignificant.
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 it operated.