Cyprus' financial regulator, CySEC, has extended the suspension of FTX's European arm for another six months, now lasting until May 30, 2025. This decision comes just before the second anniversary of FTX's collapse. The suspension bars FTX EU from offering services, taking on new clients, or advertising, but allows the firm to complete transactions and return funds to clients. Initially halted in November 2022, the suspension followed FTX's Chapter 11 bankruptcy in the U.S. and concerns over management suitability. FTX Europe, once sold back to its original owners, now only facilitates balance checks and withdrawals for users.