FTX Japan’s Users Can Withdraw Funds Till End of Year
The Japanese subsidiary of FTX will allow its users to withdraw funds until the end of the year.
FTX Japan will reportedly serve the affected traders in much the same way as the main FTX exchange.
FTX management announced on November 11 the beginning of the bankruptcy proceedings of the trading platform due to the lack of liquidity and the ability to fulfill obligations to creditors.
FTX owes almost $3.1 billion to the top 50 investors. Each of the top three claims against the exchange exceed $200 million.
FTX Japan has reported that the Japanese representative office of the trading platform is creating a mechanism for the return of funds to users.