<ul data-eligibleForWebStory="false"><li>CySEC has lifted the suspension on the authorization of Trek Labs Europe Ltd, formerly known as FTX (EU) Ltd, after resolving regulatory issues and confirming compliance.</li><li>Trek Labs Europe Ltd settled with CySEC by paying €200,000 for regulatory violations prior to its rebranding and change of ownership.</li><li>Backpack, which acquired the European branch of collapsed crypto exchange FTX, has gained approval for the acquisition but remains under suspension by CySEC, focusing on returning funds to affected clients.</li><li>CySEC also settled with two other Cyprus-based FX and CFD firms, Broctagon Prime Ltd and Exclusive Change Capital Ltd (now EXCA Prime), for compliance violations from 2021, with settlements totaling €90,000.</li></ul>

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

Discover more