• FTX European arm has launched a new website to enable users to withdraw their funds from the platform.
• The Cyprus Securities and Exchange Commission (CySE) approved the new domain name for withdrawals https://ftxeurope.eu/.
• Products and services will not be offered through this website, only balance withdrawal.
FTX’s European Arm Launches New Website
FTX’s European arm has launched a new website to allow its customers to submit withdrawal requests for their funds from the platform. The Cyprus Securities and Exchange Commission (CySE) has approved the newly launched domain name, https://ftxeurope.eu/, which will only be used for balance withdrawal and no products or services will be offered through it.
European Customers to Receive Withdrawal Requests
FTX Europe stated that customers can claim their FIAT balances through the new website, “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.”
Fate of Assets Remains Uncertain
Despite this respite, FTX investors are still in limbo as the fate of assets stored in the crypto exchange remains uncertain due to its bankruptcy case pending with courts in multiple jurisdictions across different countries.
FTX EU Paying Out Its Customers
The FTX EU is now paying out its customers on its official site –https://www.ftxeurope.eu/. It must also be noted that almost none of FTX’s EU citizens are FTX EU users since they started onboarding customers from March 2022 onwards only.
New Domain Name Approved by CySEC
The launch of the new domain name was approved by CySEC after a thorough review process, assuring users that it is safe and secure for them to request withdrawals through it without any fear of being scammed or hacked into their accounts by malicious actors online