FTX Japan, the Japan-based subsidiary of the crypto exchange FTX, has issued an update on compensating the consumers. In its announcement, the exchange noted that its team is making gradual development to its systems to permit the consumers to store and extract their assets on Liquid Japan and FTX Japan platforms. Particularly, the consumers will be allowed to have a look at their balances of FTX Japan on the web portal of Liquid Japan.
FTX Japan to Soon Compensate the Customers, Issues Update
The entity will additionally let the clients carry out credits and withdrawals according to their requirements. Liquid Japan mentioned in its declaration that it will send emails to the eligible customers of FTX Japan with an attached link to an account of Liquid Japan. The company noted that those users who already have accounts on Liquid Japan do not require going through the respective process.
The 2nd step of the procedure is balance checking and transaction where the users will log in to Liquid Japan and shift assets from FTX Japan-based accounts to Liquid Japan-based accounts. After that, they will reportedly be able to extract assets from accounts on Liquid Japan. Nonetheless, a particular schedule has not been announced by the platform up till now. It will expectedly be made in the coming days. The firm revealed that it is additionally preparing for yearly and monthly reports to be released in the next month.
Further Details on Asset Delivery Are to Be Provided in January
Liquid Japan disclosed that for the delivery of the assets to the consumers, the disclosure and verification of the eligible clients’ identities will be mandatory. The company added that the schedule for the return of assets is subject to changes in line with the development of its security audit. In the words of Liquid Japan, further details will be offered to the consumers in January 2023.
