December 11, 2023

FTX-Owned Exchange Liquid Will Return Funds To Users

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FTX-Owned Exchange Liquid Will Return Funds To Users

Japanese cryptocurrency exchange Liquid, which is owned by FTX, which is in the process of bankruptcy, has announced plans to return funds to users.

The statement says that the funds will be returned not only to users of Liquid Japan itself, but also to customers of the Japanese division of FTX.It seems that local regulators insisted on returning funds not only to Liquid customers, but also to users of the FTX Japan exchange.

"We will return the funds entrusted to FTX Japan and Liquid Japan customers.To do this, we are developing a system that will allow you to request a withdrawal of money from the web version of Liquid Japan.FTX Japan users will be able to check their balance and withdraw funds," Liquid said in a statement.

Recall that the American cryptocurrency exchange FTX acquired the Japanese platform Liquid earlier this year.On December 14, FTX's liquidity problems became known, and on November 15, Liquid announced the suspension of withdrawals.

A few days ago, it became known that the American cryptocurrency exchange Kraken decided to stop its activities in the Land of the Rising Sun.