Ftx Japan Submits Plan For Protection Of Customers' Assets
FTX Japan, the Japanese unit of cryptocurrency exchange FTX, has responded to demands by local authorities for a plan on how it will protect its customers' assets. Its parent company in the US, FTX Trading, and about 130 related companies filed for bankruptcy with a US court last week.
The submission by the Japanese subsidiary comes after the Japanese Finance Ministry ordered it to partly halt its activities last week as it lacked the system necessary to carry out its business.
FTX Japan has not publicly disclosed the details of its plan. But the Finance Ministry says the firm provided assurances that its customers' assets had not yet been transferred outside the country.