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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.
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.

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


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