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FTX EU (Rebranded as Trek Labs) Slapped with €200K CySEC Fine – Another Crypto ’Oops’ Moment
FTX EU (Rebranded as Trek Labs) Slapped with €200K CySEC Fine – Another Crypto ’Oops’ Moment
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Cyprus regulators just made Trek Labs—formerly FTX EU—cough up €200K in their latest settlement. Because nothing says 'trust us' like a rebrand and a regulatory slap on the wrist.
When life gives you lemons, change your name and hope the authorities forget. Trek Labs (né FTX EU) learned that the hard way as CySEC extracted its pound of crypto flesh.
Another day, another crypto firm paying for past sins. At least this one didn’t vaporize billions—just a cool €200K in 'we promise to behave' money. Regulators gotta eat too.
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