From February 21st, crypto and fiat withdrawals will be reinstated by FTX Japan, the Japanese subsidiary of the defunct cryptocurrency exchange FTX.
FTX has announced that withdrawals will be processed through the Liquid Japan web platform, which the company acquired in 2022. The company added that customers holding assets on the exchange will be required to verify their balance, while those who do not have an account on Liquid Japan will need to create one to withdraw their assets.
All users who have funds on the platform have been contacted, according to FTX Japan. The company has informed them of the withdrawal process and is requesting that users keep in mind that the volume of pending requests could cause the process to be slow.
In November 2022, FTX Japan halted crypto and fiat withdrawals following the collapse of FTX crypto exchange and its affiliated trading firm, Alameda Research. Although the platform was initially instructed to halt its operations in early December 2022, FTX Japan managed to obtain an extension until March 2023. According to the statement released on Monday, the platform intends to reveal the restart of additional services.