<p><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDMvMDU5MTkwNTItODBmMy00NDliLWE5NmMtZTc0YjQ2OTU1NmQyLmpwZw==.jpg"></p><p>FTX EU was only approved by the Cyprus regulator in March, 2022, about seven months before FTX collapsed in November.</p>