Home > NEWS > Crypto exchange FTX Japan to resume withdrawals on Feb. 21

Crypto exchange FTX Japan to resume withdrawals on Feb. 21

“We are very sorry for the concern and inconvenience caused to our customers due to the suspension of our services,” the exchange wrote.

According to the news release on February 20th, FTX Japan, the Japanese branch of the desperate digital currency exchange FTX, announced that it will gradually acquire customers' circulating currency and data encrypted assets according to the Liquid Japan Internet platform at 12:00 on February 21.

In November 2022, FTX Japan suspended operations, frozen the assets of about 9 million customers and froze billions of dollars in litigation after its head office, FTX, and its 134subsidiaries filed for bankruptcy.

According to the rules of FTX Japan, a customer whose account contains assets needs to confirm his account balance and transfer it to his Liquid Japan account. Liquid Japan is a licensed Japanese password asset exchange that was reclaimed by FTX in April 2022. FTX Japanese clients who do not have liquid Japanese accounts are required to set up an account before receiving assets.

It must be noted that because customers have a lot of needs, it is likely to take a period of time to complete the whole withdrawal process. You will announce the special service of repairing FTX Japan as soon as possible. "

It is reported that when FTX Japan terminates its operations in November 2022, it will have about $1.96 million, meaning more than $138 million. FTX Japan, which was founded in June 2022, is required by Japanese law to separate client assets from assets. On November 10, 2022, the Financial Agency of Japan announced that it had ordered FTX to suspend business process operations, such as accepting new savings and complying with business process improvement orders. Because of the bankruptcy liquidation process, the vast majority of FTX customers, including FTX US consumers, still do not have access to his assets.

by wjb news
© 2023 WJB All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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