CySEC requested FTX's European arm suspend operations prior to bankruptcy: Re...

CySEC requested FTX's European arm suspend operations prior to bankruptcy: Re...

FTX Europe was one of roughly 130 companies in FTX Group which will be a part of bankruptcy proceedings in the United States. The Securities and Exchange Commission of Cyprus, or CySEC, reportedly issued a statement amid FTX filing for Chapter 11 bankruptcy in the United States that the regulator requested the exchange halt operations for its Europe arm.According to a Nov. 11 Reuters report, the CySEC said it had asked FTX Europe to “suspend its operations and to proceed immediately with a number of actions for the protection of the investors” on Nov. 9. It’s unclear why the financial....


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