FTX's crypto customers in Japan can now get their frozen money back as the unit becomes the first to allow withdrawals
In some cases, users have attempted to use Bahamas-based non-fungible tokens, or NFTs, to get their money back. In other instances, users have bribed FTX employees to change details in their account information that would allow them to withdraw funds.
FTX Japan closed its business just days before the company as a whole filed for bankruptcy. The subsidiary is now up for sale as the crypto group's new executives try to raise cash. Sam Bankman-Fried, founder and ex-CEO of FTX, is happy to see the Japanese exchange moving forward, and"continues to maintain that the US entity can and should do the same as soon as possible," his spokesperson Mark Botnick told Bloomberg.
Bankman-Fried is currently under house arrest at his parents' $4 million property in Palo Alto, California. He has pleaded not guilty to numerous US criminal charges against him, including money laundering and wire fraud.
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