- Most of the exchange’s clients have already returned their funds
- Investors from other countries hope for a similar result
- Users withdrew about $50 million per day
The Japanese division of the bankrupt crypto exchange FTX allowed withdrawal of funds. The withdrawal process was stopped on November 7 last year.
Users withdraw their assets through the Liquid Group trading platform, which has been owned by FTX since February 2022. Clients were warned that the procedure would take place through this exchange.
A popular Japanese trader under the pseudonym Hibiki Trader, wrote on Twitter that he was able to get his assets:
“All withdrawal requests have been successfully completed! In fact, at first I did not hope at all that I would be able to receive my funds. Luckily I managed to get them out. I would like to express my gratitude to the staff of FTX Japan for their efforts. I also appeal to everyone who has not yet been able to return their assets, be patient.”
FTX reported that users withdrew approximately $50 million per day. However, some users still have not returned their money. This process is expected to take a long time and will be subject to huge delays due to the large number of applications.
Many clients have confirmed that all their money has been paid out. Investors from other countries are still hoping for a similar result.