Report: FTX Japan plans on resuming withdrawals as soon as February:
News Own this piece of history Collect this article as an NFTBankrupt cryptocurrency exchange FTX Japan Holdings. FTX Japan Services, FTX Japan Holdings and FTX Japan Services were three of FTX’s 134 subsidiaries that were affected by the company’s Chapter 11 bankruptcy filing. News Own this piece in history. Collect this article as an NFTBankrupt cryptocurrency Exchange FTX Japan. FTX Japan sent notifications asking users to verify their accounts balances to allow withdrawals to resume, according to a Bloomberg report. Seth Melamed (chief operating officer of the exchange) reportedly stated that users could transfer assets to accounts on FTX’s Liquid Global platform. Withdrawals are expected to start “very soon.” Melamed stated that “We are confident that the timeline will be followed.” The February schedule for restarting withdrawals for all FTX Japan & Liquid Japan users has been set for February. https://t.co/3LEUggREaA @FTX_JP– Seth Melamed (@coo_ftxjp) February 3, 2023
FTX Group filed for Chapter 11 bankruptcy protection in the United States in November 2022. This included three of the firm’s 134 subsidiaries, FTX Japan Holdings and FTX Japan Service. Japan’s Financial Services Agency (or FSA) had requested that FTX Japan cease business orders before the U.S. Chapter 11 bankruptcy filing. This was in November 2022. It included three of the firm’s 134 subsidiaries — FTX Japan Holdings, FTX Japan Services, and FTX Japan Services. The plan suggested that FTX Japan customer assets shouldn’t be included in the firm’s bankruptcy proceedings. This was based on regulations that require exchanges to separate client funds from their own. FTX’s debtors reportedly repaid more than $5 billion in cash, crypto and other assets as of January.