FTX Europe's License Suspension Extended

FTX Europe's license suspension is extended until September 2024 by Cyprus SEC.

FTX Europe can't offer services, advertise, or accept new clients, but must fulfill existing client requests.

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Former FTX CEO, Sam Bankman-Fried, got 25 years in prison for fraud and money laundering.

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FTX Europe, once part of FTX, was included in FTX's bankruptcy filing in 2022.

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Originally Digital Assets AG, FTX Europe was bought by FTX for $323 million in 2021.

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FTX sold FTX Europe back to its original founders for $32.7 million in February 2024.

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