FTX Owned Japanese Exchange Hopes to Return Customer Assets in 2025

Customers of Liquid Japan, a Japanese crypto exchange owned by the now-collapsed FTX, are eagerly awaiting the return of their assets. While initial hopes centered around a 2023 timeline, recent announcements indicate a revised plan. The FTX-owned Japanese crypto exchange Liquid has announced plans to begin the process of returning customer assets in 2025. This development offers a glimmer of hope amidst the ongoing fallout from the FTX bankruptcy.

The process of asset return from Liquid Japan is complex, involving meticulous planning and regulatory compliance. According to the Dec. 29 statement, the FTX-owned Japanese crypto exchange Liquid has announced plans to begin the process of returning customer assets in 2025. FTX Japan is developing a system to facilitate this process, indicating progress in untangling the assets tied to the bankrupt parent company.

News outlets, including those in TOKYO, report that the Japanese unit of failed cryptocurrency exchange FTX said on Friday it would return its customer assets from 2025. This confirms the shift in the timeline for asset distribution. While the wait extends beyond the initially hoped-for 2023, the commitment to returning customer funds remains a priority for Liquid Japan.

Liquid Japan, a Japanese crypto exchange owned by FTX, has revealed its plans to return customer assets in 2025. The bankrupt exchange’s Japanese subsidiary has been working diligently to navigate the complexities of the bankruptcy proceedings and the regulatory landscape in Japan to achieve this goal.