The Japanese unit of now-bankrupt FTX Trading has started allowing its customers to withdraw assets from their accounts.
The move comes three months after the collapse of the cryptocurrency exchange.
FTX Japan began the procedure on Tuesday. The unit is believed to be the first among roughly 130 group companies to start refunding customers.
They had not been able to retrieve their assets since November, when FTX Trading and its group firms filed for Chapter 11 bankruptcy protection with a US court.
The move comes three months after the collapse of the cryptocurrency exchange.
FTX Japan began the procedure on Tuesday. The unit is believed to be the first among roughly 130 group companies to start refunding customers.
They had not been able to retrieve their assets since November, when FTX Trading and its group firms filed for Chapter 11 bankruptcy protection with a US court.
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Summary
Japanese arm of collapsed FTX Trading initiates asset withdrawal for customers, believed to be the first among 130 group companies. This follows a three-month standstill since the cryptocurrency exchange's collapse in November, when it filed for Chapter 11 bankruptcy protection with a US court.
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ID: 7b61c120-d099-4676-8868-ce5fb5a877f9
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20230221_34/
Date: Feb. 21, 2023
Created: 2023/02/22 07:52
Updated: 2025/12/09 07:07
Last Read: 2023/02/22 07:57