FTX EU launches withdrawal website to pay back European users

FTX's European arm, FTX EU, has launched a website to allow European clients to submit withdrawal requests.

It takes place almost five months after the world trading platform collapsed and went bankrupt in early november.

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

The new domain will not offer any products or services other than paying to affected customers, according to the report, referencing an email received by FTX Europe.

"We inform you that our new domain, www.ftxeurope.eu, has been approved by our regulator CySEC as well identified. The website will only be used for all clients of FTX EU LTD to claim their FIAT balances. There is no There will be no services or products 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 was only available in March 2022 and the global company collapsed in November, so the numbers are not expected to be big.

FTX EU, a solvent entity, is now paying its clients in https://t.co/MEw8Oz8vTk.

Note: Almost none of the FTX EU citizens are FTX EU users, because for some reason, FTX EU only added registered customers from March 2022. pic.twitter.com/gu56Vysvlc

— FTX 2.0pium (FTX Creditor) (@AFTXcreditor) March 30, 2023

FTX Japan is another subsidiary that has already made amends with affected customers. In late February, he allowed a full withdrawal of funds, amounting to about 50 million dollars.

Related: FTX clients want more information about FTX's plans to sell subsidiaries

He Cyprus regulator asked FTX EU to suspend operations on November 9, shortly before FTX Group and its 130 affiliated companies (including FTX EU) officially declared bankrupt on November 11.

FTX Europe was headquartered in Switzerland during the relatively short time that it operated.

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