sweet ie fox-FTX Japan allows total withdrawal of funds — users rejoice the ‘escape’

Anonymous2周前 (09-19)247

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While FTX customers worldwide patiently await a conclusion to the FTX and Sam Bankman-Fried (SBF) litigation, users of FTX Japan have started withdrawing all of their funds.

On Nov. 7, 2022, crypto exchange FTX and its subsidiaries slowed fund withdrawals after Changpeng Zhao, the CEO of Binance, announced the crypto exchange would liquidate its substantial holdings of FTX Token (FTT). The domino effect forced Liquid Group — a Japanese crypto trading platform owned by FTX since February 2022 — to halt withdrawals on Nov. 15, 2022.

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