FTX Japan resumes withdrawals through the Liquid Japan platform

Due to a large number of asset withdrawal requests, the process may take some time

21.02.2023 - 10:45

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What’s new? FTX Japan, the Japanese division of the bankrupt crypto exchange FTX, resumed withdrawals at 03:00 UTC on February 21. Withdrawal services for fiat currency and crypto assets are available through the Liquid Japan platform. In order to withdraw funds, FTX Japan users need to confirm their balance and transfer assets to their Liquid Japan account. Customers without a Liquid Japan account will need to open one before they can transfer funds.

Announcement on the FTX Japan website

What else does the website say? The FTX Japan team has drawn customers’ attention to the fact that due to a large number of requests, it may take some time to complete the withdrawal process. Representatives of the platform have apologized for the inconvenience caused to users due to the suspension of services.

Earlier, FTX Japan announced that the assets of Japanese customers will be separated from their general funds as part of the bankruptcy proceedings of the parent company in the United States. The decision affected both fiat funds and cryptocurrencies.

In January, the media reported on Tokyo-based brokerage Monex’s plans to buy FTX Japan. Permission to sell FTX Japan and three other companies within the FTX Group was issued by the court on January 13.

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