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FTX EU launches website to allow European customers to submit withdrawal requests

FTX

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TL;DR

  • FTX Europe, the European arm of FTX, has launched a website allowing customers to initiate withdrawal requests.
  • The domain will solely be used for impacted customers to file claims for their fiat balances, without offering any products or services.

FTX Europe, the European arm of FTX, has launched a website allowing customers to initiate withdrawal requests. This comes five months after the global trading platform’s bankruptcy in early November. A screenshot of the new page was shared on Twitter by FTX Europe. The domain will solely be used for impacted customers to file claims for their fiat balances, without offering any products or services. An email from the platform revealed that their new domain has been approved by their regulator CySEC.

The website will only be used for FTX EU LTD clients to receive refunds of their fiat balances and no other services or products will be offered via this URL.

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A screenshot of the newly launched website to withdraw funds from FTX EU. Source: FTX Europe

FTX EU was made available to users in the Europe Economic Area and the Middle East in March 2022, shortly before the global enterprise collapsed in November. However, it is unclear how many people were able to take advantage of this service during its short lifespan; as such, it is unlikely that user numbers will be high.

https://twitter.com/AFTXcreditor/status/1641481931614289920?s=20

FTX Japan took decisive action to rectify the situation for customers affected by FTX Europe’s bankruptcy in November 2020. In February, they allowed a full withdrawal of funds totaling around $50 million. The Cyprus regulator had previously demanded that FTX EU suspend its operations on Nov. 9, which eventually led to the entire FTX Group and its 130 affiliated companies filing for bankruptcy shortly afterward. At the time, FTX Europe was based in Switzerland.

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The Cyprus Securities and Exchange Commission (CySEC) has approved the FTX EU website for operation. Cyprus Securities and Exchange Commission

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

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Damilola Lawrence

Damilola is a crypto enthusiast, content writer, and journalist. When he is not writing, he spends most of his time reading and keeping tabs on exciting projects in the blockchain space. He also studies the ramifications of Web3 and blockchain development to have a stake in the future economy.

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