The Japanese regulator ordered the local FTX branch to suspend operations
The Japanese financial services agency ordered the local FTX exchange unit to suspend operations and go to CLOSE-ALY (users will be able to close their positions, but new ones cannot be opened).
Restrictions are valid until December 9. The authorities noted that the platform suspended the withdrawal of funds “without indicating the U.S. Whistleblower date of restoration”, but continues to accept deposits and carry out operations.
According to FTX JP, the exchange resumed the withdrawal of funds in the yen.
The Turkish division of the company reported plans to convert user balance in lira in a ratio of 1: 1 for subsequent sending to bank accounts.
Geriye Kalan Türk Lirası Bakiyelerinin Gönderilmesini Ilişkini Yol Haritamızı Ve
kullanıcıların kripto bakiyelerinin türk lirasına dönüürülmesi vesaplarına gönderilmeilmeilmeilmeilmeilmeilmeilmeilmeilmeilmesine yol haritasınınınınını.
– FTX TR (@Ftx_TR) NOVEMBER 11, 2022
On November 6, CEO Binance Chanpen Zhao announced the company’s desire to get rid of FTX FTX UTILITY-TOKEN. Assets with Busd in a total of ~ $ 2.1 billion steel by the company’s output from portfolio investment in the platform.
On November 8, Sam Bankman-Fried and Zhao announced strategic partnership, but on November 10, Binance refused to absorb ftx. The company said that they could not solve the problems that have arisen at the exchange.
According to Bloomberg and WSJ, the “hole” in the balance of the platform amounted to $ 8 billion.
Later, the Bahamas securities commission blocked the assets of FTX Digital Markets and affiliated legal entities, and also suspended the company’s license in the country.
Recall that in February, FTX absorbed the Japanese crypto -tank Liquid. In the summer, Bankman-Frida has announced the launch of the local branch.
Read the FORKLOG Bitcoin News in our Telegram-cryptocurrency news, courses and analytics.