FTX-Owned Liquid to Return Customer Funds Next Year
Japanese crypto exchange Liquid, which now-collapsed FTX owns, announced plans to return customer assets that will begin in 2023. The process of asset return will be opened for the accounts holders with FTX Japan and Liquid Japan.
FTX Japan Shares Roadmap for Returning Customers’ Assets
FTX Japan, the Japanese arm of bankrupt cryptocurrency exchange FTX, has shared a new roadmap for the return of customers’ assets.
FTX Japan Reveals Plans to Return Customer Funds
FTX Japan, the Japanese subsidiary of embattled crypto exchange FTX, has announced plans to return customer assets by re-enabling withdrawals. The announcement comes a few weeks after the exchange revealed that assets on its cold wallets are significantly greater than customer deposits, noting that user funds are safe.
FTX Japan to Be Sold, Final Bid Deadline March 15 2023
FTX Japan Holdings was acquired in April 2022 by FTX Trading, which continues to directly own 100% of the equity interests.
Bankrupt FTX Seeks Court Approval to Sell FTX Japan, FTX Europe, Embed and LedgerX
Lawyers representing FTX are asking for approval from the US bankruptcy court for Delaware to sell four of its still-solvent businesses before they lose value.
FTX Asks Court Permission to Sell Off Four Businesses, Including LedgerX
FTX's new leadership asked a federal bankruptcy judge for permission to sell off parts of the failed crypto empire’s business early next year — while those subsidiaries of FTX are still valuable.
Japan Was the Safest Place to Be an FTX Customer Amid FTX’s Failure
FTX was a massive hydra with subsidiaries across the globe. Amid FTX’s failure and entrance into bankruptcy court, one of these subsidiaries appears to be relatively unscathed: FTX Japan.
XRP Holders Appalled As SEC Fails to Charge SBF for Selling an Unregistered Security
XRP holders have taken to Twitter to criticize the US Securities and Exchange Commission for failing to classify FTT as an unregistered security in its charges against Sam Bankman-Fried today.
FTX Token Slumps Into Abyss As Sam Bankman-Fried Gets Arrested
Upon the news that the founder of the collapsed crypto trading platform FTX has been arrested, many cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH) included, are recording modest gains, whereas FTX Token (FTT), the native token of the crypto derivatives trading platform, keeps losing ground.
SBF Supports Restarting FTX and Issuing New FTT Token to Creditors
Bankrupt crypto trading platform FTX’s exchange token FTT is still trading above $1 per unit. It’s uncertain why FTT has risen more than 20% this week, but it might be because there’s been talk of issuing a new FTT token.
FTX Japan Receives Three-Month Extension To Suspend Business
Failed crypto exchange FTX's Japanese subsidiary, FTX Japan, received approval from regulators to postpone the deadline for its business suspension by three months.
Bitget Airdrops Seed NFT With USD 2M Rewards to FTT Holders During World Cup
Seychelles, December 5, 2022 – Leading global cryptocurrency exchange, Bitget launches its Seed NFTs collection, together with attractive rewards and various perks, and will airdrop NFTs to qualified FTT holders amidst the World Cup period. With a reward pool of close to USD 2 million, this NFT collection is a part of the initiatives implemented by Bitget to assist users affected by FTX’s collapse. With the aim of providing investors with financial aid and, at the same time, attempting to rebuild their confidence in crypto with its core values in mind: integrity and transparency.
FSA Issues Suspension Order to Crypto Exchange Exia
With Exia Digital Assets this week joining FTX Japan under suspension orders by the Financial Services Agency, 31 regulated cryptocurrency exchanges remain operational in Japan.
FTX Japan to Unfreeze Withdrawals of Client Funds
Japanese users of failed crypto exchange FTX might soon be able to withdraw their funds as the Japanese subsidiary <a href="https://help-jp.ftx.com/hc/ja/articles/13054195917593-%E3%82%B5%E3%83%BC%E3%83%93%E3%82%B9%E5%BE%A9%E6%97%A7%E3%81%AB%E5%90%91%E3%81%91%E3%81%9F%E5%8F%96%E7%B5%84%E3%81%BF%E3%81%AB%E3%81%A4%E3%81%84%E3%81%A6">said</a> it is working to make funds available to their customers.
Japanese Customers’ Cash and Crypto not Part of FTX Japan’s Estate, Will Resume Withdrawals
The Japanese arm of the troubled cryptocurrency exchange FTX is set to resume customer withdrawals after scoring important clarifications with Japan’s Financial Services Authority.
Just In: Blackrock CEO Larry Fink Says FTX Failed Due To FTT Token
Asset manager Blackrock is one of the big names associated with investments in bankrupt crypto exchange <a href="https://coingape.com/tag/ftx/">FTX</a>. In a latest, Larry Fink, the chairman and CEO of BlackRock, made some interesting comments on the Sam Bankman-Fried crypto empire collapse. He said Blackrock had a $24 million investment in FTX, which filed for bankruptcy earlier in November. The crypto exchange faced a significant liquidity crunch linked to alleged diversion of user funds to other companies owned by <a href="https://coingape.com/tag/sam-bankman-fried/">Sam Bankman-Fried</a>.
FTX’s Japan Unit Drafts Plan To Return Client Funds
The Japanese subsidiary of Sam Bankman-Fried’s failed crypto empire FTX has put together a draft plan for clients to withdraw funds, in what would be one of the rare cases of investors getting money back from the collapsed exchange.
Sam Bankman-Fried Still Thinks FTT Was ‘More Economically Underpinned’ Than Most Tokens
On Tuesday, Sam Bankman-Fried (SBF)’s first long-form interview since FTX’s bankruptcy was published to YouTube by citizen journalist Tiffany Fong.
FTX Japan Plans to Resume Withdrawals by 2023: Report
According to a Nov. 21 report from Japan-based news outlet NHK, FTX Japan has been <a href="https://www3.nhk.or.jp/news/html/20221121/k10013898981000.html" target="_blank">making</a> preparations to resume withdrawals. Japan’s Financial Services Agency, or FSA, requested the exchange suspend business orders on Nov. 10 prior to FTX Group <a href="https://cointelegraph.com/news/ftx-ftx-us-and-alameda-file-for-chapter-11-bankruptcy-in-us-sbf-resigns">declaring bankruptcy in the United States</a> for more than 130 associated companies, including FTX Japan Holdings, FTX Japan, and FTX Japan Services.
