A recent confirmation from FTX's lawyers means that FTX Japan users could be one of the first of FTX's subsidiaries to re-enable client withdrawals.
on Feb. 2. It was aimed at serving the exchange's Japanese customers.
However, with liquidity issues experienced by its parent company in early November, withdrawals were halted at FTX Japan on Nov. 8, similar to its parent company. Days later, the Financial Services Agency of Japan announced on Nov. 10 it had taken administrative action against FTX Japan and ordered it to suspend other business operationsThe company was then listed as one of the 134 companies that formed part of FTX Trading’s chapter 11 bankruptcy filing on Nov. 11.
Since then FTX Japan has claimed their primary focus is to re-enable withdrawals, and are reportedly aiming to do so
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