FTX Japan: Japanese customer assets are not subject to U.S. bankruptcy law, planning to gradually resume user withdrawals

ChainCatcher message, FTX Japan official announcement, in light of the way cryptocurrency assets are held and property rights under Japanese law, the fiat currency and cryptocurrency entrusted to the company by customers are not subject to the U.S. Bankruptcy Code Chapter 11, meaning that the cash and cryptocurrencies of Japanese customers should not be part of FTX Japan's assets. FTX Japan plans to resume normal withdrawal services based on this. (Source link)