FTX Japan disclosed approximately $76 million in net assets and customer asset management status

2023-02-07 16:59:50

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ChainCatcher news, FTX Japan disclosed the status of customer entrusted assets and the company's own assets as of February 7, with the company's net assets amounting to approximately 10 billion yen (about 76 million USD as of the end of September 2022), and the company's cash and deposits totaling about 17.8 billion yen (approximately 135 million USD as of November 21, 2022). FTX Japan also revealed the scale of customer custodial assets in cold wallets and the management of issued tokens.

Regarding the system operation status, all functions on the FTX JP website and platform have been halted, such as inability to log in, screen display issues, withdrawal and shipping stoppages, and inability to make inquiries.

It is reported that FTX previously applied to the federal bankruptcy court in December 2022 for approval to sell its Japanese subsidiary FTX Japan through auction. (source link)

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