FTX Japan, the Japanese branch of crypto exchange FTX, has announced it will resume withdrawals of digital and fiat assets today.
According to the announcement, the process will be carried out through the Liquid Japan platform. Customers with assets on the exchange must confirm the balance and account.
FTX Japan representatives have warned withdrawals could "take some time" due to the high volume of requests. According to them, users have been informed about the procedure.
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According to the announcement:
"We will announce the resumption of other FTX Japan services as soon as possible."
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FTX took over the Japanese cryptocurrency exchange in February and its related entities. In the summer, Sam Bankman-Fried's company announced the launch of a local branch and changed Liquid's name to FTX Japan K.K.
In November, Liquid suspended withdrawals after FTX Group filed for Chapter 11 bankruptcy and the platform stopped its operation 5 days later.