Due to the bankruptcy of FTX Trading, a major crypto asset exchange business, the Kanto Local Finance Bureau ordered the company's Japanese subsidiary to hold customer assets in Japan in order to facilitate the return of assets entrusted to it by customers. The period of the ordered administrative action has been extended by three months.
In response to this issue, the Kanto Local Finance Bureau ordered the company's Japanese subsidiary "FTX Japan" to suspend some operations and to hold crypto assets and currencies entrusted to it by customers in Japan in November last year. have been disposed of.
The Japanese corporation resumed the return of customer assets from the 21st of last month, and out of the more than 10,000 accounts that are ready for return, approximately 6,800 accounts were withdrawn by the 7th. is confirmed.
The amount of customer assets that have been withdrawn so far is said to be worth 16.2 billion yen, including crypto assets and currencies.
On the other hand, in order to smoothly proceed with the return of customer assets that have not yet been processed, the Kanto Local Finance Bureau has extended the period of administrative disposition that ordered Japanese corporations to hold customer assets in Japan. It has been extended for 3 months until June 9th.
Regarding the extension of the punishment, FTX Japan said, "We will make a company-wide effort to comply with relevant laws and regulations and further strengthen our management system, and strive to regain the trust of our customers."