The users of FTX Japan withdrew roughly 6.6 billion yen (around $50 million) within a day of resuming withdrawals through the web platform of Liquid Global, the officially published figures revealed.
FTX Japan resumed withdrawals last Wednesday, more than three months after suspending all services, including deposits, withdrawals, and trading. Users of the Japanese subsidiary of the collapsed crypto exchange now need to confirm their account balances and transfer them to a Liquid account.
JUST IN: #FTX Japan announces in a press statement that they would be resuming withdrawals for fiat and crypto assets on Feb. 21, after being halted for over 4 months. pic.twitter.com/ae4Ow4nvVh
— Mr. Whale (@WhaleWire) February 20, 2023
The crypto exchange moved funds for 7,026 account holders on Wednesday, only nine hours after resuming the withdrawals. Out of the total, 5,697 transactions involved cryptocurrency withdrawals, while 1,947 were fiat withdrawals.
According to an NHK report, FTX Japan had roughly 19.6 billion yen (more than $138 million) in cash when it ceased operations in November. It also had roughly 9 million users. The official numbers show that the Japanese exchange is still holding around $90 million by the end of 22 February.
FTX Japan customers need to open an account on Liquid’s web interface to process withdrawals. Liquid Japan is also a locally licensed cryptocurrency exchange
