FTX’s Japan Unit Drafts Plan to Return Client Funds
- FTX Japan looks to enable withdrawals through Liquid platform
- Regulator asked for assets to be returned as soon as possible
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The Japanese subsidiary of Sam Bankman-Fried’s failed crypto empire FTX has put together a draft plan for clients to withdraw funds, in what would be one of the rare cases of investors getting money back from the collapsed exchange.
The proposal, which has yet to be finalized, centers on using a platform called Liquid to facilitate the return of assets starting in January, according to people familiar with the matter.