Failed cryptocurrency exchange FTX Trading has filed for court approval to sell its Japanese unit and three other entities.
FTX announced on Friday that it had submitted papers to a US federal court for permission to conduct bidding for the planned sale.
FTX says the selloff of its businesses is aimed at returning funds to its customers.
Customers of the Japanese subsidiary, FTX Japan, have been unable to withdraw their assets. Its executives have said they are currently developing a system to allow for withdrawals.
Attention is focused on whether the customers will be able to retrieve their funds.
FTX announced on Friday that it had submitted papers to a US federal court for permission to conduct bidding for the planned sale.
FTX says the selloff of its businesses is aimed at returning funds to its customers.
Customers of the Japanese subsidiary, FTX Japan, have been unable to withdraw their assets. Its executives have said they are currently developing a system to allow for withdrawals.
Attention is focused on whether the customers will be able to retrieve their funds.
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Summary
FTX Trading seeks court approval for the sale of its Japanese unit and three other entities, announced Friday in a bid to return funds to customers. However, customers of FTX Japan have been unable to withdraw their assets due to ongoing system development. Concerns persist over whether customers
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ID: 4cb4a65a-3306-43ff-a48b-67e0ad6d27ce
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20221217_09/
Date: Dec. 17, 2022
Created: 2022/12/19 07:26
Updated: 2025/12/09 10:14
Last Read: 2022/12/19 07:40