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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.
DisclaimerThis story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.

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CointelegraphCointelegraph

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.

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Cointelegraph broke the news in on Friday, December 2, 2022.
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