The FSA had ordered FTX Japan to suspend business operations by 9 December. The extension until 9 March 2023 will allow it to return funds to users.
December 13, 2022Under Japanese law, crypto businesses are required to keep users’ assets segregated, shielding FTX Japan from the bankruptcy proceedings in the US.
December 5, 2022Restructuring specialist John J Ray says FTX's failure is the worst he has ever seen, citing control failures and the "complete absence" of trustworthy financial information.
November 18, 2022MAS said FTX is neither licensed nor exempt from licensing in Singapore. Hong Kong's SFC said licensed fund managers' exposure to FTX is "immaterial".
November 15, 2022Liquid has been tracing the movement of the stolen assets and working with other exchanges to freeze and recover the funds.
August 26, 2021