Advertise
CoinTrust
BTC
ETH
BCH
SOL
DOGE
SHIB
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
No Result
View All Result

Home » FTX Japan Intends to Refund Customers in February 2023

FTX Japan Intends to Refund Customers in February 2023

Kelly Cromley by Kelly Cromley
Dec 31, 2022
in Market News, News
Reading Time: 2 mins read
0

FTX Japan has officially stated that it would begin restoring client assets in February 2023. To receive lost assets, customers must set up accounts at Liquid Japan. After checking individual account balances, withdrawals will commence in mid-February. Nevertheless, the procedure may be postponed “depending on the status of the third-party security assessment.”

Mid-January will mark the beginning of a three-step procedure in which consumers will establish Liquid Japan accounts, check their balances, and begin withdrawals by mid-February. Clients of FTX Japan are likely to be the first to reclaim their lost monies after the cryptocurrency exchange leftover one customer worldwide unable to retrieve assets valued at approximately $8 billion. FTX is the owner and controller of Liquid Japan.

FTX Japan has clarified with its U.S. attorneys that Japanese clients’ money should not be included in FTX Japan’s estate due to the manner in which these cryptocurrency assets are handled and their property rights under Japanese rules.” This implies that no Japanese assets will be affected by FTX’s Chapter 11 bankruptcy procedures in the United States.

In a remark, FTX Japan apologized for the significant inconvenience caused by the lengthy termination of activities for the release of legal money and crypto assets.

Japanese consumers weren’t able to withdraw assets from their trading accounts after the cryptocurrency exchange was forced to cease operations by domestic financial authorities. Three days later, FTX’s international division filed for Chapter 11 bankruptcy in the United States. The cryptocurrency exchange’s founder and CEO were detained on December 12 in the Bahamas.

From then onwards, the Bahamian securities regulator has assumed supervision of assets exceeding $3.5 billion. The government seems to be keeping the assets until they may be delivered to creditors and prior clients.

A list of the most prominent 50 unsecured creditors of insolvent FTX revealed that the company owes more than $3 billion. According to reports, the highest unsecured creditor is due $226 million. More than $203 million is owed to the second-largest creditor by FTX.

 

Previous Post

LG Uplus Partners Web3 Startup Witch to Build Metaverse Service for Children

Next Post

BMW to Employ BNB Chain For Blockchain Loyalty Program

Related Posts

BTQ Technologies

BTQ Unveils Quantum PoW Simulator for Digital Asset Security

by Kelly Cromley
Jul 8, 2025
0

BTQ Technologies Corp., a global leader in quantum technology, has launched its Quantum Proof-of-Work (QPoW) Simulator, a publicly accessible platform...

Pundi AI

Pundi AI Transforms Datasets into Tradeable Crypto Assets

by Kelly Cromley
Jul 8, 2025
0

Singapore-based Web3 firm Pundi AI has introduced a novel feature called Data Pump, designed to convert AI training datasets into...

terminus network partners with velmora

Terminus and Velmora Join Hands to Advance IoT and DeFi Synergy

by Kelly Cromley
Jul 8, 2025
0

Terminus, a leading player in the crypto exchange sector, has unveiled a new strategic partnership with Velmora, a platform recognized...

aurora-mobile-partners-with-hashnut

Aurora Mobile Partners with HashNut to Advance Web3 Payments

by Kelly Cromley
Jul 8, 2025
0

Aurora Mobile Limited, a prominent player in China's customer engagement and marketing technology sector, has entered into a strategic partnership...

qitmeer-partners-with-catalyst-ventures.

Qitmeer and Catalyst Ventures Unite to Drive Ethical Web3 Growth

by Kelly Cromley
Jul 8, 2025
0

Qitmeer Network, a forward-looking public blockchain platform rooted in Islamic finance principles, has formed a strategic partnership with Catalyst Ventures,...

etherscan-unveils-hyperevm-scan

Etherscan Launches HyperEVM Scan to Boost Web3 Transparency

by Kelly Cromley
Jul 8, 2025
0

Etherscan, widely regarded as a leading blockchain data provider for the Ethereum network, has introduced a new dedicated block explorer...

Next Post
BMW to Employ BNB Chain For Blockchain Loyalty Program

BMW to Employ BNB Chain For Blockchain Loyalty Program

  • Collé Ai

    Collé: Pioneering AI Web3 Platform Receives Investment Boost from BlackRock

    by Kelly Cromley
    May 13, 2024
  • Router Protocol and OpenWorldSwap Partnership to Revolutionize DEX Market

    by Kelly Cromley
    Aug 6, 2024
  • Central Bank of Saudi Arabia Teams Up with Ripple to Transform Cross-Border Settlements

    by Kelly Cromley
    Aug 17, 2023
  • GameStop’s Digital Transformation: Embracing Blockchain and NFTs

    by Kelly Cromley
    Feb 2, 2025
  • Blockchain Based Sports Platform SportsMint Unveiled

    by Kelly Cromley
    Apr 30, 2024

Recent News

BTQ Technologies
Market News

BTQ Unveils Quantum PoW Simulator for Digital Asset Security

by Kelly Cromley
Jul 8, 2025
Pundi AI
Market News

Pundi AI Transforms Datasets into Tradeable Crypto Assets

by Kelly Cromley
Jul 8, 2025
terminus network partners with velmora
Market News

Terminus and Velmora Join Hands to Advance IoT and DeFi Synergy

by Kelly Cromley
Jul 8, 2025
aurora-mobile-partners-with-hashnut
Market News

Aurora Mobile Partners with HashNut to Advance Web3 Payments

by Kelly Cromley
Jul 8, 2025
qitmeer-partners-with-catalyst-ventures.
Market News

Qitmeer and Catalyst Ventures Unite to Drive Ethical Web3 Growth

by Kelly Cromley
Jul 8, 2025

Categories

  • Altcoin News
  • Analysis News
  • Binance Coin News
  • Bitcoin News
  • Blog
  • Cardano News
  • Ethereum News
  • ICO News
  • Legislation News
  • Market Forecasts
  • Market News
  • News
  • Ripple News
  • Solana News
  • Tether News
Trustpilot

Cointrust

  • About Us
  • Contact Us
  • Correction Request
  • Our Team

Legal

  • Disclaimer
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy

Popular

  • ICO Listings
  • Knowledge Base
  • All about Mining
  • Cryptocurrency Exchanges
  • How and Where to buy Cryptocurrency

Sitemap

  • News section
  • Sitemap
  • XML Sitemap

© 2024 CoinTrust.com.

CoinTrustCoinTrust

* DISCLAIMER: All information provided in CoinTrust is merely for informational purposes, we are not an investment advisor and not affiliated with any companies or ICO/Cryptocurrency Projects. To use this website you must accept our cookie policy, Disclaimer and Privacy Policies.

No Result
View All Result
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos

© 2024 CoinTrust.com.

We use cookies to ensure that we give you the best experience on our website.
If you continue to use this site you agree to allow us to use cookies, in accordance with our Cookie Policy.
I Agree