The Cyprus Securities and Exchange Commission (CySEC)
announced on July 4, 2025, that it has recalled the suspension of the
authorisation of Cyprus Investment Firm Trek Labs Europe Ltd. This decision was
made during a CySEC meeting on June 23, 2025. Trek Labs Europe Ltd was
previously known as FTX (EU) Ltd. Its license was suspended in November 2022.
Regulatory Issues Resolved, Trek Labs Compliant
The company was renamed and underwent a change of ownership.
Earlier, it
settled with CySEC by paying €200,000 for possible regulatory violations.
These issues involved
organisational and client information requirements. They took place before the
rebranding and ownership change, covering the period from March to November
2022.
You may find it interesting at FinanceMagnates.com: FTX
EU Customers’ Claims Are on the Way: New Owner Backpack Initiates Process.
CySEC stated it is now satisfied with Trek Labs Europe’s
compliance with the Investment Services and Activities and Regulated Markets
Law.
This article was written by Tareq Sikder at www.financemagnates.com.
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