FTX Japan to enable customer withdrawals before the end of 2022
Despite the ultimate crash of FTX, the Japanese subsidiary of the company reportedly plans to allow client withdrawals by the year’s end. According to a recent coverage, the subsidiary is currently developing a new infrastructure that will allow such transactions by the end of 2022.
FTX Japan claimed to have around 19.6 billion yen (approximately $138 million) in cash and deposits as of November 10. It has not reported any outflow of client funds overseas.