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CySEC responds to FTX announcement regarding return of funds

CySEC today responded to the announcement by FTX EU (Cyprus) that it will commence processes for the return of segregated funds to investors.

FTX EU Ltd is the Cyprus based entity set up earlier this year by the company to become its base for EU operations.

FTX, which is headquartered in the Bahamas, acquired a CySEC CIF-licensed entity called K-DNA Financial Services Ltd.

FTX has secured the approval from the Cyprus financial market regulator CySEC through its ftx.com/eu domain.