FTX Japan Delivers on Promise to Re-Open Withdrawals By DailyCoin
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FTX Japan Delivers on Promise to Re-Open Withdrawals- Four months after the collapse of crypto exchange FTX, customers of the Japanese branch can withdraw funds again.
- FTX Japan has posted weekly updates about its plan to return user assets.
- User funds were kept in cold storage due to regulatory requirements in Japan.
FTX users were left without access to their funds when crypto exchange FTX collapsed suddenly in November last year. The financial fiasco rendered the exchange unable to cover withdrawals as users scrambled to get their money back.
For Japanese clients of the bankrupt exchange, there is still hope. An FTX Japan (FTX JP) announcement made on Monday, February 20th, indicated that the exchange would allow withdrawal of both fiat and crypto, beginning at noon (GMT+9) on Tuesday, 21st.
The return of user…
Continue Reading on DailyCoin
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FTX Japan Delivers on Promise to Re-Open Withdrawals- Four months after the collapse of crypto exchange FTX, customers of the Japanese branch can withdraw funds again.
- FTX Japan has posted weekly updates about its plan to return user assets.
- User funds were kept in cold storage due to regulatory requirements in Japan.
FTX users were left without access to their funds when crypto exchange FTX collapsed suddenly in November last year. The financial fiasco rendered the exchange unable to cover withdrawals as users scrambled to get their money back.
For Japanese clients of the bankrupt exchange, there is still hope. An FTX Japan (FTX JP) announcement made on Monday, February 20th, indicated that the exchange would allow withdrawal of both fiat and crypto, beginning at noon (GMT+9) on Tuesday, 21st.
The return of user…
Continue Reading on DailyCoin
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