Additionally, the cancellation of the company’s AFS license does not affect requirements stemming from its membership with the Australian Financial Complaints Authority, and to have arrangements for compensating retail clients.
The official announcement also detailed that John Mouawad, Scott Langdon and Rahul Goyal of KordaMentha were appointed as voluntary administrators of FTX Australia and its subsidiary, FTX Express Pty Ltd.
FTX’s AFS license suspended by ASIC in November last year until 15 May 2023 and the suspension was then extended to 24 July 2023.
The Cyprus Securities and Exchange Commission also recently extended the suspension on the Cyprus Investment Firm (CIF) of FTX’s European subsidiary , FTX (EU) Limited, until the 30 September 2023.
