FTX Japan Preparing to Allow Withdrawals by Year-End

An unnamed executive of exchange said in an interview that withdrawals cannot be resumed immediately because FTX Japan uses the same payment system as its parent company, which is currently suspended.

He added though that FTX Japan is preparing for when withdrawals will be possible, with the end of the year being the aim. FTX Japan has around 19.6 billion yen ($138 million) in deposits as of the Nov. 10, according to the interview reported by NHK.