Japanese FTX clients may soon review their locked funds, according to a statement recently released by Liquid, a Japanese subsidiary of FTX. The latter is currently working on writing a detailed report of the assets currently immobilized in order to be able to return them in the coming months.
Japanese FTX Clients Will Soon Be Able To Recover Their Funds
Liquida cryptocurrency exchange acquired by FTX in February 2022 as part of its expansion into Japan, prepares to reimburse its users.
According to its own press release, the refund procedure will concern Liquid customers, but also those of FTX Japan. The latter could consult their sale directly from the future Web version of Liquide and make the corresponding withdrawals.
A decision that contrasts sharply with growing uncertainty among European and American customers of the group that finds itself mired in the calamitous management of FTX, once one of the largest cryptocurrency exchanges that will eventually file for bankruptcy with billions of dollars in debt.
Liquid having only recently been acquired by FTX, it is one of a few companies that have escaped its mismanagement and have been able to retain some financial independence. As such, FTX Japan is part, alongside FTX Europe, Embed Business and RegisterX, entities that can still be sold by the FTX group.
However, Liquid still remaining under the authority of its parent company, the subsidiary found itself obliged to suspend trading activities on its platform following the bankruptcy filing of FTX, a few days after deactivating the withdrawal features.
No specific date has been given, but it seems that withdrawals will be possible in the coming months for FTX’s Japanese customers. According to the release, Liquid is planning a detailed report of upcoming operations. for next January with a more precise schedule of withdrawals.
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