FTX Japan Reopens Bitcoin, Crypto, And Cash Withdrawals
The Japan branch of the now-defunct global cryptocurrency exchange FTX is getting ready to let customers withdraw their funds again.
In a new press release, FTX Japan says that it will soon be able to handle withdrawals in Bitcoin, other cryptocurrencies, and fiat currency using its Liquid Global platform.
The exchange says that customers who are eligible have already been told about it by e-mail.
“Customers who have assets in their FTX Japan account must confirm the asset balance of their FTX Japan account before using this service, and then open/confirm a Liquid Japan account (customers who do not have a Liquid Japan account may open an account is required) and procedures for transferring to a Liquid Japan account are required.”
In November of last year, FTX fell apart because it was clear that the company was using billions of dollars in customer funds in a very bad way.
Sam Bankman-Fried, who started FTX, is now accused of pulling off one of the largest financial scams in US history.
He has pleaded not guilty and faces up to 115 years in prison for conspiracy to commit wire fraud on customers, wire fraud on customers, conspiracy to commit wire fraud on lenders, wire fraud on lenders, conspiracy to commit commodities fraud, securities fraud, money laundering, and conspiracy to break U.S. campaign finance laws.
