FTX Europe, the European subsidiary of bankrupt
cryptocurrency exchange, FTX, has created a new website for its customers to withdrawal their balance from the platform. The new domain name, https://ftxeurope.eu/, was approved by the Cyprus Securities and Exchange Commission (CySE).
Finance Magnates learned the new domain will offer no products or any other services apart from
balance withdrawal.
“Please be informed that our new domain, www.ftxeurope.eu, has been approved by our regulator CySEC as you have well identified. 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 Europe told Finance Magnates via email.
Finance Magnates’ check on the new domain brings up a dialogue box asking users to “log in to your FTX EU account in order to see your balance and to request a withdrawal.” On the other hand, www.ftx.com/eu remains unresponsive at this time.
FTX EU’s new domain for withdrawal of customer balance.
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
Finance Magnates’ check on CySEC’s public register shows https://ftxeurope.eu is an approved domain owned by FTX EU.
FTX EU’s current profile on CySEC register showing the approved domains.
Finance Magnates also found that CySEC recently earlier this month modified the public profile of FTX EU on its register.
CySEC modified FTX EU’s profile on its public register on the 7th of this month.
FTX EU, which is headquartered in Switzerland and has
regional headquarters based in Cyprus, first gained CySEC approval in March
2022 to offer regulated cryptocurrency products in Europe. The company had
announced it would provide its services through the domain ftx.com/eu.
However, in the aftermath of the collapse of FTX in November
last year, CySEC suspended the operating license of FTX EU which obtained full
authorization as a Cyprus Investment Firm (CIF) two months earlier. The CIF
license enables FTX EU to offer crypto derivatives products and not in direct
exchange of digital assets.
CySEC said it had suspended the subsidiary’s license for
violations of the country’s regulated markets laws by having unsuitable members
on its…
