FTX Japan Resumes Crypto & Fiat Withdrawals: What You Need to Know

Good news for FTX Japan customers! Three months after FTX and Alameda filed for chapter 11 bankruptcy protection, the Japanese subsidiary of the fallen crypto exchange FTX, FTX Japan, resumed withdrawals of customer holdings on Tuesday at noon (Japan Standard Time). This marks a significant step forward in returning funds to affected users in Japan.

FTX Japan resumes crypto and fiat withdrawals. The firm said that it would resume services for withdrawing fiat currency and cryptoassets of FTX Japan at noon on Tuesday (JST) via the Liquid Japan platform – a crypto platform acquired by FTX previously. This allows a streamlined process for Japanese users to access their funds.

Customers of FTX Japan will be able to withdraw deposits of crypto and fiat currency tomorrow, the Japanese subsidiary of bankrupt crypto exchange FTX said Monday. While the rest of the community is yet to recover their lost funds, the Japanese branch of the exchange is going to resume crypto and fiat withdrawals, offering a glimmer of hope amidst the wider FTX fallout.

According to a recent statement, FTX's Japanese subsidiary announced that withdrawals would begin at noon in Tokyo. Customers will be able to withdraw funds through the Liquid Japan web platform. This ensures a compliant and regulated avenue for users to retrieve their assets.

If you are a customer of FTX Japan, ensure you understand the withdrawal process through Liquid Japan. This resumption of services provides a crucial step towards resolving the impact of the FTX collapse for Japanese users, enabling them to finally access their crypto and fiat holdings.