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Customers of FTX Japan will be able to withdraw their funds from mid-February, according to a subsidiary of FTX Trading.
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This makes them the first customers to receive their money back after the collapsed crypto exchange.
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FTX Japan stated that it had previously been able to confirm with U.S. bankruptcy lawyers that
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Japanese customers' funds were not part of FTX Japan’s estate due to the way these assets are held and the property interests under Japanese law.
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FTX Japan customers will be directed to open an account at Liquid Japan in mid-January.
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Liquid Japan is a local crypto exchange that FTX purchased earlier this year.
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According to the post, customers can withdraw their funds as soon as they have checked their balances.
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According to the company, the timeline could change "depending on the progress of the external security auditor."