JAKARTA - FTX Japan announced that they will resume the withdrawal process for fiat and crypto assets on February 21. FTX Japan is a subsidiary of the FTX crypto exchange which went bankrupt.
Through a statement issued on February 20, FTX Japan said that the withdrawal process will be processed via the Liquid Japan web platform. Before making a withdrawal, users must confirm their balance and transfer it to the Liquid platform. Users without a Liquid account are required to open an account first.
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FTX Japan added that the withdrawal process may take some time to complete due to many requests from customers. Nonetheless, FTX Japan promises that they will re-announce other FTX Japan services as soon as possible.
Previously, FTX Japan temporarily halted the withdrawal process in November 2022 following the collapse of the FTX crypto exchange. In December 2022, the crypto exchange said it was working to make user funds available to them.
Several investors have shown interest in acquiring the company, however there has been no official announcement regarding the acquisition. Currently, FTX Japan is focused on withdrawing fiat and crypto assets and is scheduling further announcements regarding FTX Japan services.
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