FTX Europe recently announced the launch of a new website dedicated to its local customers, allowing them to make crypto withdrawal requests. Despite the general collapse of both FTX and Alameda Research at the end of November 2022, CySEC still managed to suspend the company’s operating license due to regulatory violations.

To ensure the safety of its clients’ funds, the FTX EU team set up a safe environment, via https://t.co/MEw8Oz8vTk, to help customers get their money back. When logging into this website, a notification will appear letting the user know to log in to their FTX EU account to view the balance and submit withdrawal requests. It is worth noting that only customers registered from March 2022 are able to make use of the resource.

Other international affiliates under the FTX umbrella have started their own withdrawal procedures. FTX Japan, for example, launched the withdrawal service En Liquid Japan as of February 21, 2023, although reports were filed of customers facing issues while submitting requests.

Things are still murky on the other side of the pond, where US citizens make-up the main customer base of FTX. Although the former CEO, Sam Bankman-Fried (SBF), has not pleaded guilty yet, the platform is accountable for more than $3 billion to the most wealthy creditors and $5 billion to the rest of the 9 million clients. It may take some time before any of them can actually see those funds in their accounts.

To conclude, when investing in cryptocurrencies it is always important to consider potential risks and do your own research first. The information provided on this article should not be taken as investment advice.



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