Crypto News

FTX Japan Offers to Repay Funds, But No Date Set

FTX Japan Offers No Specifics on Returning Funds

FTX Japan has announced that customers will be able to withdraw their assets via Liquid, a Japanese cryptocurrency exchange owned by FTX, at some point in February.

The delay in making the assets available is due to technical issues, according to Japan’s Financial Services Agency.

Despite FTX’s Chapter 11 filing in the US, there is no objection to the withdrawal plan. Japan has strong regulations for cryptocurrency exchanges, requiring them to register with the FSA and comply with anti-money laundering laws.

FTX Japan was in a relatively stable position compared to its parent company, but it is currently being auctioned as part of the US bankruptcy process with over 40 parties showing interest.


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