cryptonews: FTX Japan has announced plans to restart withdrawals in 'short order' 👇
FTX Japan has announced plans to restart withdrawals in "short order" — marking a second firm of Sam Bankman-Fried's imploded crypto empire to avoid bankruptcy.
As a result, there was apparently no commingling of its funds with Bankman-Fried's trading firm Alameda Research. It added that FTX Japan customers' assets were kept in offline cold wallets, and the private keys "are solely under the control of the Japan operations team." This was, it added, "to prevent a situation in which the interests of creditors and investors are harmed by the outflow to affiliated companies of the company."FTX Japan is the second firm in the FTX Group — which includes FTX, FTX US, Alameda Research and as many as 130 other smaller companies — to come out of crypto's biggest collapse with its customers' funds apparently intact.
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