FTX Japan to resume withdrawals of fiat currency and crypto assets
FTX Japan announces that it will resume our services for withdrawal of fiat currency and crypto assets via the Liquid Japan web platform on February 21, 2023.
Customers who do not have a Liquid Japan account are required to open one before they can transfer assets.
The full announcement by FTX Japan can be read below:
“Dear Customers
We are very sorry for the concern and inconvenience caused to our customers due to the suspension of our services.
We are pleased to announce that we will resume our services for withdrawal of fiat currency and crypto assets of FTX Japan via the Liquid Japan web platform at 12:00 p.m. (noon, JST) on February 21, 2023.
In order to proceed with withdrawals, customers who have assets in their FTX Japan account would need to confirm the balance of their assets and transfer them to their Liquid Japan account. Customers who do not have a Liquid Japan account are required to open one before they can transfer assets. We have sent an email to all eligible customers regarding the details of the procedures. If you have not completed the procedure, please follow the instructions in the email and complete the process.
Please note that due to the large number of requests from customers, it may take some time for the withdrawal process to be completed. We will announce the resumption of other FTX Japan services as soon as possible.
Thank you very much for your patience and cooperation”.
Additional information on the withdrawal process can be found here.
Let’s recall that, in November 2022, Japan’s financial regulator issued a business improvement order as to FTX Japan Co., Ltd. This happened as the possible deal between the crypto exchange, which was experiencing severe liquidity issues, and Binance fell through.
The regulator issued a business suspension order valid between November 10, 2022 and December 9, 2022. FTX’s operations related to the crypto asset exchange business and new use for such operations was suspended.