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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.
Updated May 9, 2023, 4:11 a.m. Published Mar 31, 2023, 6:19 p.m. 1 min read
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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An individual familiar with the matter told CoinDesk the stablecoin feature was rolled out to 25% of users already and by the end of the week, all users will have access.
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- Block’s Cash App has begun rolling out USDC stablecoin payments to about a quarter of its nearly 60 million users, with plans to reach all users by the end of the week.
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