• FTX Japan, the Japanese division of the bankrupt crypto exchange, plans to re-enable customers’ withdrawals in mid-February next year.
• The exchange is working with Liquid, a Japanese platform acquired by FTX this year, to facilitate the refund process to users.
• FTX Japan earlier pledged to build a new system different from the one used by its parent company to enable customers to access their funds on the platform.
FTX Japan, the Japanese subsidiary of the now-bankrupt crypto exchange, has announced that it plans to resume customer withdrawals in mid-February of next year. Last month, the exchange had to suspend its operations after its parent company filed for bankruptcy, leaving customers unable to access their funds.
In order to ensure customers can retrieve their funds, FTX Japan has decided to collaborate with Liquid, a Japanese platform acquired by FTX earlier this year. The platform will be used to facilitate the refund process to all users. Additionally, FTX Japan has also promised to build a new system, distinct from the one owned by its parent company, to enable customers to access their funds on the platform.
The exchange has also announced that it will shut down its business operations once users withdraw their assets from the platform. The announcement comes after a string of legal issues forced FTX’s parent company to file for bankruptcy in November. However, the exchange has reassured customers that their funds will remain safe and secure until the withdrawal process is completed.
FTX Japan has also promised that it will provide customers with regular updates on the status of the withdrawal process, so that they can plan accordingly. The exchange is also working closely with its legal team to ensure that all customers are able to access their funds without any issues.
It is not yet known how many customers will be affected by the withdrawal process, but FTX Japan has promised that it will do its best to ensure that all customers are able to access their funds. It remains to be seen how FTX Japan will be able to manage the withdrawal process, but the exchange is confident that it will be able to provide customers with a satisfactory experience.