Whereas FTX clients internationally patiently await Sam Bankman-Fried’s (SBF) authorized conclusion in hopes of getting again their investments, customers of FTX Japan have began withdrawing all of their funds.
On Nov. 7, 2022, crypto change FTX and its subsidiaries halted all funds withdrawal after SBF was accused of misappropriating customers’ funds. The domino impact compelled Liquid Group — a Japanese crypto buying and selling platform owned by FTX since February 2022 — to halt withdrawals on Nov. 15, 2022.
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