While FTX customers worldwide patiently await a conclusion to the FTX and Samas Bankmanas-Friedas (SBF) litigation, users of FTX Japan have started withdrawing all of their funds.
On Nov. 7, 2022, crypto exchange FTX and its subsidiaries slowed fund withdrawals after Changpeng Zhao, the CEO of Binance, announced the crypto exchange would liquidate its substantial holdings of FTX Token (FSM). The domino effect forced Liquid Group — a Japanese crypto trading platform owned by FTX since February 2022 — to halt withdrawals 15 m. lapkričio 2022 d.
However, to some investors’ delight, FTX Japan resumed withdraws on Feb. 21 — which involved moving funds from the defunct exchange to a Liquid Japan account. Days later, a popular crypto trader from Japan, Hibiki Trader, confirmed to have successfully withdrawn all of their funds.
全て出金完了!
最初は正直諦めていたと言えば諦めていた気持ちもあった
Ftxjp の の の 方 々 も 本当 に 寝耳 に 水 だっ た 部分 を 知っ て いる ので 、 尽力 に は 感謝 感謝 申し上げ 申し上げ 申し上げ たい。
まだ出金されない方も辛抱強く頑張ってほしい pic.twitter.com/34v7MFznLC– Hibiki@Trader (@Whiskey_bonbon_) Vasaris 25, 2023
A rough translation of the above tweet reads:
“All payments completed! To be honest, at first, I felt like I had given up. I would like to express my gratitude to the people in FTXJP for their efforts, as they know the part that was really overlooked.”
A day after resuming funds withdrawals, FTX Japan revealed that users withdrew roughly 6.6 billion yen ($50 million).
While a community member responded by saying, “congratulations on your escape! ! !” many are yet to witness a total redemption of their funds. The reimbursement process is expected to come with delays due to the sheer number of users impacted by the FTX collapse.
Numerous community members have confirmed that all their money has been paid out. However, the FTX investors watching from the rest of the world remain hopeful of a similar outcome.
Susiję: Sam Bankman-Fried advokatai prašo pratęsti pasiūlymą dėl užstato sąlygos
Following the accusations against SBF, a federal judge ordered a superseding indictment unsealed containing 12 criminal counts.
A new superseding indictment against FTX cryptocurrency exchange founder Sam Bankman-Fried containing 12 charges was unsealed in Manhattan federal court https://t.co/MKmmgW7W01 pic.twitter.com/r9JVKNljDt
- „Reuters Legal“ (@ReutersLegal) Vasaris 23, 2023
As Cointelegraph reported, U.S. Attorney Damian Williams accused Bankman-Fried of eight conspiracy charges related to fraud, and four charges for wire fraud and securities fraud.
SBF’s criminal trial is due to begin in October, while FTX’s bankruptcy case is ongoing.
Source: https://cointelegraph.com/news/ftx-japan-allows-total-withdrawal-of-funds-users-rejoice-the-escape