FTX Japan, the Japanese subsidiary of the fallen crypto exchange giant FTX, resumed withdrawals of customer holdings on Tuesday at noon (Japan Standard Time). The withdrawal of fiat currency and crypto assets of FTX Japan will be facilitated through the Liquid Japan web platform.
“In order to proceed with withdrawals, customers who have assets in their FTX Japan account would need to confirm the balance of their assets and transfer them to their Liquid Japan account,” the exchange’s official press release on Monday stated.
“We have sent an email to all eligible customers regarding the details of the procedures. If you have not completed the procedure, please follow the instructions in the email and complete the process.”
The details elaborated that the FTX Japan customers without a Liquid Japan account need to open one to withdraw their assets. Liquid Japan is a locally licensed cryptocurrency exchange acquired by FTX last April.
FTX Japan opened the withdrawals that aligned with its promise in December. Then, the collapsed exchange said it would open withdrawals for the customers of Liuid Japan and FTX Japan in early 2023.
In the latest announcement, the exchange also highlighted the possibility of some delays in processing withdrawal requests.
“Due to the large number of requests from customers, it may take some time for the withdrawal process to be completed. We…
