FTX EU LTD,
the European subsidiary of the now-defunct FTX crypto exchange, has announced
the commencement of procedures enabling its customers to request final balances
in advance of withdrawing fiat currency funds remaining in segregated client
accounts. The Cypriot financial markets regulator, CySEC , which oversees the
company, issued an announcement on the matter on Monday.
FTX EU, formerly
known as K-DNA Financial Services LTD, is a European branch of Sam
Bankman-Fried (SBF) US crypto exchange that collapsed a few months ago, in November
2022. When the US branch collapsed, funds belonging to European customers were
frozen to ensure that future claims could be covered and deposits paid out.
Finance
Magnates exclusively reported last week that FTX EU had launched a website that would
allow FTX EU customers to apply for the withdrawal of funds owed to them.
FTX EU, a solvent entity, is now paying out its customers on https://t.co/MEw8Oz8vTk.
Note: Almost none of FTX’s EU citizens are FTX EU users, because for some reason, FTX EU only onboarded customers registered from March 2022. pic.twitter.com/gu56Vysvlc
— FTX 2.0pium (FTX Creditor) (@AFTXcreditor) March 30, 2023
The
company confirmed the news a day later in an official press note.
FTX EU LTD (Cyprus) (formerly K-DNA Financial Services LTD) is commencing a process for its customers to request final balances on a dedicated website. Read details…
