The Cyprus Securities and Exchange Commission (CySEC) has extended the suspension of FTX Europe for an additional six months, now lasting until May 30, 2025. This marks the fourth extension of the suspension, which initially halted trading on the platform following FTX's collapse in November 2022. The extension prohibits FTX EU from offering services, accepting new clients, or advertising, but allows for the completion of transactions, including customer withdrawals. FTX Europe, which had been operational for only eight months before the suspension, is being sold back to its original founders for $32.7 million after a long legal dispute regarding the acquisition. Currently, the FTX Europe website does not facilitate trading and only allows users to view their balance and initiate withdrawals. Unwithdrawn funds will remain in a segregated account for six years, emphasizing the ongoing regulatory scrutiny and client protection measures following FTX's bankruptcy proceedings.

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