The Japanese division of the crypto exchange FTX resumes the withdrawal of funds

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Japanese division clientsBankrupt crypto exchange FTX will be able to withdraw their funds starting Tuesday, February 21. According to a statement on the site’s website, the withdrawal of crypto assets and fiat currencies is available through the Liquid Japan platform.

To withdraw funds from FTX Japan accounts, clients must
confirm the balance of your assets, as well as transfer them to an account in Liquid Japan, which is part of FTX Japan. If customers do not have an account with Liquid Japan, they must open one. 

In the instructions sent to clients,the exchange warned that withdrawals may take some time due to the large influx of requests. The company promised to announce the resumption of other FTX Japan services as soon as possible.

FTX Japan first reported the plansrefunds to users in December.  Withdrawals from local clients were suspended on November 8, following the collapse of flagship crypto exchange FTX. In early February, the Japanese unit began beta testing the refund process for its 35,000 users.

The exchange continues to claim that assetsJapanese clients are not part of the assets of FTX Japan and are not related to the bankruptcy proceedings of the group of companies in the United States. The Japanese team notified lawyers in the United States.

FTX owned more than 130 divisions andaffiliated companies around the world. In January, a US court approved the sale of four companies, including FTX Japan. At the beginning of the year, information appeared that the Japanese exchange would be bought by the broker Monex.