As per Liquid’s announcement, “For the assets entrusted to us by our customers at FTX Japan and Liquid Japan, we are proceeding with system development so that withdrawals will be possible from the Liquid Japan web version.”
Liquid, a Japanese exchange owned by FTX, announced its plans to initiate the process for returning users’ crypto assets in 2023.
FTX Japan's blog post stated that the withdrawal facility can only be utilized by users of Liquid and FTX Japan.
According to the roadmap, the first step involves sending emails to allow eligible FTX Japan customers to open accounts on Liquid. Liquid will release the schedule for preparing monthly and annual reports by the end of January 2023.
Thereafter, the web version of Liquid’s platform will allow users of FTX Japan to view their holdings and transfer assets to Liquid by mid-February. Meanwhile, Liquid’s clients will be able to withdraw their assets as usual.
FTX purchased Liquid in February to facilitate the firm’s expansion into the Japanese crypto market. However, Liquid, along with FTX Japan, suspended withdrawals shortly after FTX declared bankruptcy in November.
