FTX Europe, the European subsidiary of bankrupt exchange FTX, has just launched a new website that will allow former customers to withdraw their remaining funds from the platform. The new domain name (https://ftxeurope.eu/) has been approved by the Cyprus Securities and Exchange Commission (CySE) and does not offer any products or services other than balance withdrawals.
#FTX Europe launches new customer withdrawal site amid parent company bankruptcy https://t.co/FrVrWZTDYe
— Kyptos (@azcoinnews) March 31, 2023
according to Report FTX Europe’s Finance Magnates has confirmed that the new website will only be used by FTX EU LTD clients to claim fiat balances. Clients must log into their FTX EU accounts via their new domain name to view their balances and request withdrawals.
Currently, the original domain name www.ftx.com/eu Still no response.However, Finance Magnates has checked the CySEC public register and confirmed https://ftxeurope.eu is an approved domain owned by FTX EU.
“EU FTX is a solvency agency and is currently paying its clients via https://t.co/MEw8Oz8vTk.
NOTE: FTX EU citizens are almost never FTX EU users for some reason. FTX EU only customers registered since March 2022″, FTX 2.0pium tweet.
FTX Europe’s move to create a new website to withdraw balances comes after the parent company went bankrupt. FTX Exchange announced its bankruptcy filing in December 2021 after the company was sued by a former client for $100 million.
CySE’s approval of the new domain is seen as a positive step forward for FTX Europe’s clients, as it will allow them to withdraw funds from the platform despite the parent company’s financial difficulties. FTX Europe’s new website plans demonstrate their commitment to the financial regulations set by clients and regulators.
In short, the new domain https://ftxeurope.eu/ CySE Approves Balance Withdrawal from FTX Europe to Rescue Exchange’s Old Clients. This move by FTX Europe demonstrates the company’s willingness to comply with regulatory guidelines and fulfill its obligations to clients.
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according to Kyptos