FTX Japan Says Work Underway to Allow Withdrawal of Client Funds
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The Japanese subsidiary of failed crypto empire FTX said it is working to allow users in the country to withdraw their funds.
The Japanese subsidiary of failed crypto empire FTX said it is working to allow users in the country to withdraw their funds, paving the way for a rare case of investors getting money back from the collapsed exchange. The plan for the resumption of withdrawal services, which were first suspended on Nov. 8, has been approved by the new FTX Trading management team, according to an update on its website on Thursday. As part of the plan, the firm is incorporating controls, security audit, reconciliations, and reviews. Sam Bankman-Fried's sprawling tangle of FTX group companies slid into a chaotic bankruptcy on Nov. 11, potentially bilking more than a mi...