FTX EU Launches Withdrawal Website

FTX branch has launched a dedicated website allowing its European customers to submit withdrawal requests

FTX EU Launches Withdrawal Website

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The European arm of FTX, FTX EU has launched a website under the domain name in order to pay back the customers impacted by the collapse of its parental global crypto exchange.

The new resource was reportedly approved by the Cyprus Securities and Exchange Commission. The FTX withdrawal website will be used with a single purpose for clients to be able to claim their fiat balances. It will offer no additional services or products.

FTX EU, as a subdivision of the wider FTX business, became available to users in the Europe Economic Area and Middle East only in March 2022, eight month before the collapse. Therefore, the number of affected users is expected to be relatively small.

Another FTX subsidiary that has made amends to impacted customers is FTX Japan. In late February, it allowed a total withdrawal of funds, with total amount of about $50 million.

In the same period of time, the U.S. attorney’s office has filed new charges against FTX founder Sam Bankman-Fried. That and a superseding indictment unsealed Tuesday brought the total number of charges against the former billionnaire to 13. On Thursday, Bankman-Fried pleaded not guilty in New York federal court to all five additional charges, as he already did on eight initial counts.

Nina Bobro

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Nina is passionate about financial technologies and environmental issues, reporting on the industry news and the most exciting projects that build their offerings around the intersection of fintech and sustainability.