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.

The announcement reveals a roadmap that eventually concludes with the opening of customer withdrawals through Liquid Japan, a sister exchange. FTX sealed a deal to acquire Liquid Japan and its subsidiaries in March. 

According to the roadmap, FTX Japan will email all eligible customers to receive a refund of their funds. The email will contain a link with which they can open an account on Liquid Japan. Customers who already have an account with Liquid Japan are not expected to carry out any task.

Following the Liquid registration, users can transfer their assets on FTX Japan to their Liquid accounts. Afterward, the team will enable Liquid withdrawals so that customers can withdraw their assets through their Liquid accounts.

(By Ammara)

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