Last November, the FTX crypto exchange found itself in a difficult financial situation. This forced him to stop withdrawals on his platform, causing one of the biggest scandals in the crypto industry. As FTX customers around the world anxiously await the conclusion of the dispute between FTX and Sam Bankman-Fried (SBF), FTX Japan users have started withdrawing all of their funds. Great news for this branch of FTX, which is one of the most important. But is this outcome a sign that the FTX scandal will end on a good note?
News that makes Japanese users of the crypto exchange happy
Since February 21, withdrawals of funds from FTX Japan investors are possible. This had been announced for a few months and should now relieve investors, who feared never to return to possession of their assets. Withdrawals involve transferring funds from the failing exchange to a Liquid Japan account.
This is the first time since its bankruptcy that the exchange has allowed withdrawals on its platform. As a reminder, withdrawals were expected to resume since the end of last year.
“All payments were made at my level. To be honest, at first I didn’t believe in it much and was close to giving up on the idea of ​​getting my investment back. I would like to express my gratitude to the workers of FTX Japan for their efforts”commented the famous Japanese trader, Hibiki who confirms the effectiveness of the withdrawals.
Nevertheless, we learn that many users do not yet have could come into possession of their money. This, due to the large number of people affected by the withdrawals. We deduce that the refund process at FTX Japan should still be relatively long.
There is little information on the exact amount of withdrawals made to date. But on February 22, the crypto exchange itself clarified that withdrawals had then risen to $50 million. A situation that certainly makes users, investors and creditors of the crypto platform, all over the world, envious.
Receive a digest of news in the world of cryptocurrencies by subscribing to our new service of daily and weekly so you don’t miss any of the essential Tremplin.io!
