FTX Japan plans to conduct internal testing of the deposit and withdrawal process next week and will announce the timeline for resuming withdrawals at the end of the month

2022-12-23 16:27:38

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ChainCatcher news, FTX Japan announced: "The plan to return assets to customers is our top priority, and the necessary development work is progressing in an orderly manner. In the last week of December, we plan to begin internal testing of the deposit and withdrawal process in a sandbox environment."

In addition, FTX Japan stated that its parent company, FTX Trading, submitted a request to the U.S. bankruptcy court on December 15 regarding the bidding process to implement an orderly and efficient sale procedure. The main schedule related to FTX Japan in this process is as follows: a bankruptcy court petition hearing on January 11, 2023; preliminary bidding deadline on February 1, 2023; auction on March 21, 2023; hearing on the sale on March 27, 2023. Furthermore, the above application process will not affect the timeline and plan for the resumption of customer withdrawals and withdrawal services. The timeline for resuming withdrawals will be announced at the end of the month. (Source link）

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