FTX Japan resumes withdrawals amid regulator’s overwatch.
Japanese Financial Regulator seen as victor amid FTX Japan’s move.
SBF’s spokesperson conveys SBF’s thoughts on the same.
FTX’s Japanese arm is the first among all the bankrupt cryptocurrency exchange’s groups to initiate customer withdrawals, Bloomberg reported. Customers of the subsidiary will be able to withdraw funds beginning Tuesday.
Sam Bankman Fried’s (SBF) spokesperson Mark Botnick said via email that SBF was happy to hear about FTX Japan’s move and that he expected the US arm to do the same.
SBF is “happy to see that the Japanese exchange is moving forward, and continues to maintain that the US entity can and should do the same as soon as possible,” said Botnick via email.
Customers will be able to withdraw their money from a platform called Liquid.
According to FTX Japan’s website, at the end of September, 2022 it had 10 billion yen or $74 million in net assets while cash and deposits stood at ap
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