Japan, your money on FTX might be salvageable soon.
for more than 130 associated companies, including FTX Japan Holdings, FTX Japan and FTX Japan Services.against FTX Japan amid reports that its parent company was “facing credit uncertainties.” The orders required FTX Japan to suspend over-the-counter derivatives transactions and related margins as well as new deposits from users from Nov. 10 to Dec. 9 unless directed otherwise by the financial regulator. FTX Japan should have also submitted a plan by Nov.
Citing an unnamed executive at the Japanese exchange, NHK reported that FTX Japan had roughly 19.6 billion yen in cash — more than $138 million — as of Nov. 10 when it ceased operations. The Japan-based company was also reportedly for sale amid FTX Trading’s bankruptcy proceedings in the United States.
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