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FTX EU Sets Up Website to Repay Users

The European arm had been in operation for only about eight months prior to the collapse of parent FTX.

By Stephen Alpher
Updated May 9, 2023, 4:11 a.m. Published Mar 31, 2023, 6:19 p.m. 1 min read
FTX EU will allow customers to withdraw funds that have been locked on the platform. (CraigRJD/Getty Images)
FTX EU will allow customers to withdraw funds that have been locked on the platform. (CraigRJD/Getty Images)

FTX EU has begun the process of allowing customers to withdraw funds locked up since parent FTX filed for bankruptcy protection last November, according to a Friday press release.

To that end, the company has set up a website through which balances can be verified and then withdrawal requests can be made. Customers were notified of the arrangement on Thursday via email by restructuring specialist firm Kroll.

FTX's European operation was initially announced on Mar. 7, 2022.


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The U.S. Department of Justice headquarters in Washington (Jesse Hamilton/CoinDesk)

Fuller allegedly diverted $6.2 million for personal use and $5.5M for Ponzi-like payments; only 3% of funds went to crypto trading.

知っておくべきこと:

  • Texas man Nathan Fuller allegedly raised $12.3 million from 150 investors via a false AI crypto bot scheme promising up to 100% returns.
  • Fuller allegedly diverted $6.2 million for personal use and $5.5M for Ponzi-like payments; only 3% of funds went to crypto trading.
  • To cover losses, Fuller used fabricated...
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