FTX Japan permits whole withdrawal of funds — customers rejoice the ‘escape’

Whereas FTX clients worldwide patiently await a conclusion to the FTX and Sam Bankman-Fried (SBF) litigation, customers of FTX Japan have began withdrawing all of their funds.

On Nov. 7, 2022, crypto change FTX and its subsidiaries slowed fund withdrawals after Changpeng Zhao, the CEO of Binance, introduced the crypto change would liquidate its substantial holdings of (FTT). The domino impact pressured Liquid Group — a Japanese crypto buying and selling platform owned by FTX since February 2022 — to halt withdrawals on Nov. 15, 2022.

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