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FTX Japan drafts plan to return client funds

Published 12/01/2022, 08:31 PM
Updated 12/01/2022, 10:40 PM

The Japanese subsidiary of the now-defunct FTX crypto exchange has come out with a roadmap to resume withdrawals, after confirming that its customers’ assets are not part of FTX's bankruptcy proceedings.

The firm provided an update on Dec. 1, stating it has been able to confirm that its customers’ assets "should not" be part of FTX Japan's estate due to Japanese regulations which mandate that crypto exchanges must separate client funds from their own assets.

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