CySEC Says Former FTX EU (Now Trek Labs) Meets Compliance, Lifts Suspension

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.

Source: CySEC

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.