As the sun rose over Tokyo on a crisp February morning, news of FTX Japan’s impending resumption of customer withdrawals spread like wildfire.
The exchange had been embroiled in controversy and scandal after its former CEO, Sam Bankman-Fried, was accused of misappropriating customer funds. Now, with the announcement that the exchange was set to honor its withdrawal roadmap, there was hope that customers who had been unable to access their funds for months would finally get some relief.
FTX Japan Set to Honor Withdrawals
After verifying their account balances, Seth Melamed, FTX Japan’s COO, confirmed that customers could move their assets to Liquid Japan. The exchange plans to update customers after their assets have been moved to Liquid and the necessary approvals have been received.
Source: https://beincrypto.com/ftx-japan-to-resume-withdrawals/