Last month, FTX Trading, a major bankruptcy cryptocurrency exchange, submitted an application to a U.S. court seeking approval to sell its Japanese subsidiary and other businesses.
If the court approves, the bidding will be carried out, and while the focus is on the return of the assets of the Japanese corporation to the customer, attention will be paid to the outcome of the sale procedure.
FTX Trading announced on the 16th that it has submitted application documents to a US court seeking approval of bidding procedures for the sale of four businesses, including its Japanese subsidiary "FTX Japan."
The company says it is in the process of selling the business for the return of assets to its customers, and if the court approves, a bid for the sale will be held.
Regarding FTX Japan, customers are unable to withdraw their deposited assets, and the company is working on system development to resume withdrawals.
With the focus on the return of assets to FTX Japan's customers, attention will be paid to the outcome of the sale procedure.