Japanregulators, FTX Japanbecause the decision to cease operations was not returned to the creditors delayed for 3 months.
crypto exchange FTX started a dynamic period in global finance after its bankruptcy. The bankruptcy event, where the crypto industry was hit, also mobilized the country’s regulators. FTXformer CEO Sam Bankman-Fried Seven lawsuits were filed against him. Moreover FTX scrutinized legally. On the other hand, the parent company’s subsidiaries are also struggling with problems. Especially FTX‘of Japan arm is looking for ways to return assets to customers in the country. In the midst of all these processes, the Japan regulator, FTX‘of Japanmade a new decision regarding the operation.
FTX Japan Spends Overtime on Withdrawal Issues
Cryptocurrency exchange FTXa subsidiary of FTX Japan has received approval from a local regulator by next year. of the stock market Japanarm, March 9will be able to continue to resolve issues with withdrawals until the deadline.
Ministry of Finance of Japana local financial regulator affiliated with Kanto Local Finance Bureau, FTX Japanmade a new statement about its operations. Desk, FTX JapanHe stated that he postponed the suspension of .
According to the statement, this postponement requested by the stock market arm covers withdrawal problems. FTX‘of Japan arm failed to return assets to creditors. Also, the editor FTX‘of Japanevaluated the trading system of its branch as dysfunctional.
On the other hand, FTX‘of Japan A statement on the subject came from his arm. The exchange stated that it is not possible to quickly return customer funds.
