The European arm had only been in operation for about 8 months prior to the collapse of parent FTX.
FTX EU has begun the process of allowing the withdrawal of client 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.