FTX EU Introduces Website for European Customers to Claim Withdrawals Following Company Collapse

It is unclear how many users were affected when FTX EU was made available in the Europe Economic Area and Middle East.

This subsidiary only became accessible in March 2022, which was after the global FTX enterprise collapsed in November. Therefore, it is not anticipated that there will be a large number of affected users.

FTX Japan, another subsidiary, has already provided compensation to impacted customers.

In February, it allowed a complete withdrawal of funds, which totaled around $50 million.

FTX EU was headquartered in Switzerland but had to suspend its operations on November 9, following a request by the Cyprus regulator.

Subsequently, FTX Group and all its affiliated companies, including FTX EU, filed for bankruptcy on November 11.