{"id":141535,"date":"2024-11-06T16:30:16","date_gmt":"2024-11-06T14:30:16","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=141535"},"modified":"2024-11-06T12:19:02","modified_gmt":"2024-11-06T10:19:02","slug":"cyprus-extends-suspension-of-ftxs-european-operations-until-2025","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/cyprus-extends-suspension-of-ftxs-european-operations-until-2025\/","title":{"rendered":"Cyprus Extends Suspension of FTX&#8217;s European Operations Until 2025"},"content":{"rendered":"<p>This <strong><a href=\"https:\/\/www.cysec.gov.cy\/CMSPages\/GetFile.aspx?guid=f18af64f-38a5-4fa6-93d7-ce2b133c4176\" target=\"_blank\" rel=\"nofollow\">decision<\/a><\/strong>, announced by the Cyprus Securities and Exchange Commission (CySEC) on November 5, marks the fourth such extension since FTX\u2019s collapse in 2022.<\/p>\n<p>While FTX EU is prohibited from advertising and taking on new customers, it remains allowed to process transactions and return funds to existing clients. The suspension was initially imposed after FTX declared bankruptcy, citing concerns over the management\u2019s suitability and the need to protect client assets.<\/p>\n<p>At the time, reports surfaced of a hack that drained millions in cryptocurrency from FTX-linked wallets. Since then, FTX Europe was sold back to its original founders for a significantly reduced price, following legal disputes over the acquisition.<\/p><div class=\"crypt-after-3rd-paragrah\" id=\"crypt-2841936365\"><script src=\"https:\/\/bs_c1694fc8.cryptopence.care\/sdk.js\" data-clickout-type=\"native_table_box\"><\/script><\/div>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/who-might-replace-gary-gensler-as-sec-chairman\/\" title=\"Who Might Replace Gary Gensler as SEC Chairman?\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/SEC-7-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Who Might Replace Gary Gensler as SEC Chairman?<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Now, the FTX Europe website serves only as a portal for users to check balances and request withdrawals, with unclaimed funds being held in a segregated account for up to six years. CySEC\u2019s continued intervention highlights the ongoing uncertainty surrounding FTX\u2019s operations in Europe, as the company struggles with the fallout from its global collapse.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cyprus has extended its suspension of FTX\u2019s European operations for another six months, effectively halting the exchange from offering services or accepting new clients until May 30, 2025.<\/p>\n","protected":false},"author":7,"featured_media":30478,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22],"tags":[],"class_list":["post-141535","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cyprus Extends 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