FTX JapanHe gave a date for the withdrawals after the statement of .
Included in FTX’s Chapter 11 bankruptcy filing FTX The Japanese branch of ‘s allowed users to withdraw funds. Then the stopped processes will be resumed.
FTX Japan Users Will Be able to Withdraw their Money on February 21
After FTX filed for bankruptcy with many of its subsidiaries last year, the most curious issue was user funds. Some subsidiaries, for which the company has filed for bankruptcy, have provided customers with opportunities to withdraw their money. One of them was FTX Japan.
The company announced on Monday that FTX Japan will reactivate its withdrawal services for fiat and crypto assets as of noon local time on February 21.
The announcement fulfills a promise made in December by the exchange, whose assets in the country are largely protected under Japanese law.
The company’s statement said:
“Due to the large number of requests from customers, the withdrawal may take some time to complete. We will announce the resumption of other FTX Japan services as soon as possible.”
The Japanese exchange shut down the platform on November 8, just days before FTX as a whole filed for bankruptcy in the US.
