FTX EU Launches Site to Process Customer Withdrawals

  1. FTX EU introduces withdrawal website
  2. Platform bankruptcy occurred in November
  3. Site approved by Cyprus regulator

FTX EU, the European branch of the global trading platform, has launched a website specifically designed to process withdrawal requests from European customers. This development comes nearly five months after the platform faced bankruptcy and ceased operations in early November.

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The new website, found at https://ftxeurope.eu/, has reportedly been approved by the Cyprus Securities and Exchange Commission (CySEC), as per Finance Magnates. It is important to note that this platform will not provide any additional services or products beyond facilitating the repayment of affected customers.

In an email cited by FTX Europe, the company stated,

Our new domain, www.ftxeurope.eu, has been approved by our regulator CySEC. 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.

FTX EU had previously catered to users across the European Economic Area and the Middle East. However, the exact number of impacted users remains unclear. The launch of the withdrawal website aims to offer a solution for those affected by the platform’s collapse and provide a means to recover their funds.

In other news, more than 2,600 IT CEOs, researchers, and industry professionals have signed an open letter urging a temporary halt to the development of artificial intelligence (AI), citing worries about the potential dangers to society and mankind.

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