March 29, 2024

FTX Japan to Start Payouts to Customers in February

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FTX Japan to Start Payouts to Customers in February

The Japanese division of the FTX exchange, which is in the process of bankruptcy, said that in February, the company's customers will be able toget your funds.

FTX Japan has sent out notices to its customers that on the company's platform, they will be able toverify your bank accounts and transfer funds to the Liquid payment platform.These will be the preliminary actions for the withdrawal.

"We are confident that we will be able to launch withdrawals this month and will try to do it as quickly as possible.Sometimes we work 7 days a week and stay late at night to make withdrawals transparent, honest and accurate," said the COOFTX Japan Seth Melamed.

In early February, FTX Japan began beta testing the refund process to streamline it and make it easier for its 35,000 users.Full-fledged withdrawal of deposits will begin after the company hasThere is enough data on the transfer of the balance sheet and the process will be approved by the regulators.

Recall that the FTX exchange owned more than 130 divisions and affiliated companies around the world.In January, a U.S. court approved the sale of four companies, including FTX Japan.It is possible that the Japanese exchange will be bought out by the broker Monex.