Can FTX return crypto to local clients?

FTX Japan is studying whether FTX's bankruptcy filing could affect its ability to return cryptocurrencies to local customers.

[{"selector":"#anim-9c7de42b-cade-4a98-a544-28c8008d9415","keyframes":{"transform":["translate3d(-92.11957%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-458b351c-1738-45cd-83a1-30f6e29f9b34","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1186b037-1602-4d1e-ba5a-d927d0dbd571","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

As per the report, FTX Japan K.K. is discussing the impact of the bankruptcy of its parent company with a lawyer.

[{"selector":"#anim-5b0259a2-3b29-4b6c-9f90-85dab6f3fdf6","keyframes":{"transform":["translate3d(-92.11957%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-de6e1ab9-9222-4370-a257-9defc3bb67d4","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-66a72528-4a99-498e-b94c-676e52238a18","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

In addition, also plans to make an announcement once the situation becomes clearer.

[{"selector":"#anim-9acb44c0-867e-475b-9cf2-349cea7334bf","keyframes":{"transform":["translate3d(-92.11957%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6fa79b81-cbea-4ab6-b2cd-0c426b6b9245","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-14dc6ace-4026-4075-a7aa-61614110b138","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] Learn more

Recently Japanese government ordered FTX Japan K.K. to halt business operations for one month.

[{"selector":"#anim-8bb1669b-4cbe-4984-a20b-78ce3e1e743d","keyframes":{"transform":["translate3d(-92.11957%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8213ff04-fae2-4415-b513-1903d5b86768","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4f8951dc-76a4-4ece-bc6e-59e9eccf1a35","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

Collapse of FTX has shocked the crypto market and raised questions about the adequacy of existing cryptocurrency regulations.

[{"selector":"#anim-edaab03a-78dc-47da-a1ec-af534f97230f","keyframes":{"transform":["translate3d(-100%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1a4759c9-0a86-4812-bd62-b5f174dc76dc","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6aa9cda7-432c-484e-a824-ee1cb267068d","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

Earlier today, FTX Japan announced Liquid by FTX customer support to accept inquiries until the service is restored.

[{"selector":"#anim-6b60fa11-7a96-4a77-a708-871b72868d85","keyframes":{"transform":["translate3d(-92.41573%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5f3c1f8f-2c6e-4bf3-80a6-6b4b27e3b31c","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e7f53ba9-705e-459d-b776-d3b5ff167912","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] Learn more

At the press time, FTT token price plunges from a high of $22 to $1.51.

[{"selector":"#anim-69002d9a-5b98-4598-8451-a50cb9ccd6e4","keyframes":{"transform":["translate3d(-91.84783%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b141c507-e8d0-4e1f-b0d4-a2dbd4badc75","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ac6b942c-2a8b-444e-8ee7-d6a9206fb82a","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-5d238635-80ec-48cb-a0f9-db0c4d9ed363","keyframes":[{"transform":"rotate(-540deg) scale(0.1)","opacity":0},{"transform":"none","opacity":1}],"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both","iterations":1}] Learn more