FTX Japan resumes withdrawals, shows regulations can protect investors
FTX Japan asked users to create an account with Liquid Japan, the local exchange SBF bought, before requesting to withdraw, a process it warns might take time.
Latest FTX Japan News
FTX Japan to allow withdrawals from February
FTX Japan and Liquid Japan customers will be able to regain access to their accounts in mid-January and will get to withdraw their funds a month later.
FTX Japan granted 3-month extension on its business suspension
FTX Japan had been ordered to shut down its services, but an FSA extension pushes this to March as customers continue to wait for their funds.
FTX Japan plans to resume operations by January
FTX Japan halted withdrawals amid the collapse and bankruptcy filing of SBF’s FTX empire, with Japan’s regulator, FSA, ordering it to suspend operations.
Japan orders FTX to suspend operations
FTX Japan has gone into “close-only” mode, where users can only close out existing positions but can’t create new ones following the FSA’s suspension order.