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Liquid Japan Plans to Return Customer Assets in 2023

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• Liquid Japan, a Japanese crypto exchange owned by FTX, has revealed its plans to return customer assets starting in mid-February of 2023.
• The process will begin with customers opening an account with Liquid, followed by them viewing their balance and transferring their assets from FTX Japan into Liquid Japan.
• Updates regarding the process will be available from January 2023.

Liquid Japan, a Japanese crypto exchange owned by FTX, has announced that it will begin processing refunds from 2023. This follows the exchange’s decision to halt withdrawals in November 2022 due to FTX’s collapse. The Japanese subsidiary of the bankrupt exchange has released a statement that outlines the timeline and roadmap for the proposed returns.

According to the statement, customers will first have to open an account with Liquid in order to view their balance and transfer their assets from FTX Japan into Liquid Japan. This process is expected to begin in mid-February of 2023. Updates regarding the returns process will be available from January of the same year.

The decision to return customer assets is a unique event, as thousands of people have been left stranded this crypto winter following FTX’s collapse. Liquid Japan’s statement is a sign of hope that many of these customers will be able to reclaim their assets.

To ensure a smooth and secure process, Liquid Japan is currently undergoing a system development. The firm has not specified the exact date when the returns process will be completed, but it is expected that all withdrawals will be processed through the Japanese subsidiary’s website.

The statement from Liquid Japan is a positive sign for those affected by FTX’s collapse. It is a welcomed relief for customers who have been waiting for the return of their assets for months. With the timeline and roadmap for the proposed returns now in place, customers will soon be able to reclaim their assets and move forward.