Categories: Top News

FTX Europe has opened a site for the return of funds to users

FTX Europe has opened a site for the return of funds to users

Registered CuSEC FTX Europe launched dedicated website, the functionality of which allows the European clients of the bankrupt platform to send withdrawal request. Writes about it Finance Magnates.

The resource does not contain information about offers of new products or services.

“Website created for FTX EU customers. They can request a refund of fiat balances,” the organization said in a letter.

FTX Europe received a license from CySEC in March 2022. Then the goal of the branch was to expand its global presence through the development of the European market.

Regulatory approval allowed the firm to “serve the entire European Economic Area”. In November 2022, CySEC announced the suspension of the license.

One of FTX’s lenders stressed that most EU citizens interacted with the global platform and not with FTX EU.

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

On February 21, 2023, the Japanese branch of the FTX Japan platform resumed the withdrawal of digital assets and fiat. In November 2022, the structure froze this opportunity after an order from the local regulator.

In the same month, the Bahamas Securities Commission blocked the assets of FTX Digital Markets and affiliated entities, and suspended the company’s license in the country.

In March 2023, the OKX platform announced that it would transfer ~$157 million of related frozen assets to FTX and Alameda Research.

According to a presentation to the court in March, the exchange’s total asset shortfall to cover customer claims was $8.7 billion, and $1.6 billion in bitcoin.

Source: Cryptocurrency