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FTX Japan drafts plan to return client funds

Summary by Ground News
FTX Japan has confirmed its customers' assets are not part of FTX's bankruptcy proceedings. This is due to Japanese regulations which mandate that crypto exchanges must separate client funds from their own assets. FTX Japan was only launched in June after acquiring Japanese crypto exchange Liquid on Feb. 2.

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CointelegraphCointelegraph
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FTX Japan drafts plan to return client funds

After confirming that Japanese customers' cash and crypto should not be considered part of their estate, FTX Japan believes it will be able to resume customer withdrawals.

·New York, United States
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Cointelegraph broke the news in New York, United States on Friday, December 2, 2022.
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