Due to the bankruptcy of FTX Trading, a major global cryptocurrency exchange business, the Japanese subsidiary FTX Japan is expected to be able to withdraw client business from mid-February next year.
‘FTX Trading’ filed for bankruptcy under Article 11 of the US Bankruptcy Act last month, with about 130 group companies, including its own company and a Japanese company, filing for bankruptcy . It is not possible to withdraw currency or cryptocurrencies deposited from .
In this regard, “FTX Japan” announced that it will start the process of transferring client assets to another account in the middle of next month, and will be able to withdraw client assets from mid-February.
According to the company, 14 types of cryptocurrencies such as bitcoin are held in a method called “cold wallet” which is cut off from external networks, and fiat currencies such as dollars and yen are held separately in trust accounts.
