Due to the bankruptcy of FTX Trading, a major crypto asset exchange business that operates globally, the Kanto Local Finance Bureau announced to the Japanese subsidiary FTX Japan that it would not be possible to promptly return the assets entrusted to it by customers. The period of some business suspension orders, which had been until the 9th, was extended by 3 months.
In response to this issue, the Kanto Local Finance Bureau took administrative action against FTX Japan in November, suspending some operations for one month, citing unilaterally suspending withdrawals of crypto assets and margin deposits entrusted to it by customers. I was.
The company is working on the development of a system to resume withdrawals, etc., but it is not possible to promptly return the money even after the 9th day of the deadline for the business suspension order. It means that we have not been able to do it.
For this reason, the Kanto Local Finance Bureau has pointed out that there is no system in place to carry out business, and it is necessary to continue to prevent the outflow of assets. extended for a month.
Regarding the extension of the disposition, FTX Japan commented, "We deeply apologize to our customers and all related parties for causing great concern and inconvenience."