FTX Japan, the Japanese arm of bankrupt cryptocurrency exchange FTX, has shared a new roadmap for the return of customers’ assets.

FTX Japan, the Japanese subsidiary of embattled crypto exchange FTX, has announced plans to return customer assets by re-enabling withdrawals. The announcement comes a few weeks after the exchange revealed that assets on its cold wallets are significantly greater than customer deposits, noting that user funds are safe.

FTX Japan issued an announcement:

FTX Japan Holdings was acquired in April 2022 by FTX Trading, which continues to directly own 100% of the equity interests.

Lawyers representing FTX are asking for approval from the US bankruptcy court for Delaware to sell four of its still-solvent businesses before they lose value.

FTX's new leadership asked a federal bankruptcy judge for permission to sell off parts of the failed crypto empire’s business early next year — while those subsidiaries of FTX are still valuable.

FTX was a massive hydra with subsidiaries across the globe. Amid FTX’s failure and entrance into bankruptcy court, one of these subsidiaries appears to be relatively unscathed: FTX Japan. 

XRP holders have taken to Twitter to criticize the US Securities and Exchange Commission for failing to classify FTT as an unregistered security in its charges against Sam Bankman-Fried today.

Upon the news that the founder of the collapsed crypto trading platform FTX has been arrested, many cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH) included, are recording modest gains, whereas FTX Token (FTT), the native token of the crypto derivatives trading platform, keeps losing ground.

Bankrupt crypto trading platform FTX’s exchange token FTT is still trading above $1 per unit.  It’s uncertain why FTT has risen more than 20% this week, but it might be because there’s been talk of issuing a new FTT token.

Failed crypto exchange FTX's Japanese subsidiary, FTX Japan, received approval from regulators to postpone the deadline for its business suspension by three months.

Seychelles, December 5, 2022 – Leading global cryptocurrency exchange, Bitget launches its Seed NFTs collection, together with attractive rewards and various perks, and will airdrop NFTs to qualified FTT holders amidst the World Cup period. With a reward pool of close to USD 2 million, this NFT collection is a part of the initiatives implemented by Bitget to assist users affected by FTX’s collapse. With the aim of providing investors with financial aid and, at the same time, attempting to rebuild their confidence in crypto with its core values in mind: integrity and transparency.

With Exia Digital Assets this week joining FTX Japan under suspension orders by the Financial Services Agency, 31 regulated cryptocurrency exchanges remain operational in Japan.

Japanese users of failed crypto exchange FTX might soon be able to withdraw their funds as the Japanese subsidiary&nbsp;<a href="https://help-jp.ftx.com/hc/ja/articles/13054195917593-%E3%82%B5%E3%83%BC%E3%83%93%E3%82%B9%E5%BE%A9%E6%97%A7%E3%81%AB%E5%90%91%E3%81%91%E3%81%9F%E5%8F%96%E7%B5%84%E3%81%BF%E3%81%AB%E3%81%A4%E3%81%84%E3%81%A6">said</a> it is working to make funds available to their customers.

The Japanese arm of the troubled cryptocurrency exchange FTX is set to resume customer withdrawals after scoring important clarifications with Japan’s Financial Services Authority.

Asset manager Blackrock is one of the big names associated with investments in bankrupt crypto exchange&nbsp;<a href="https://coingape.com/tag/ftx/">FTX</a>. In a latest, Larry Fink, the chairman and CEO of BlackRock, made some interesting comments on the Sam Bankman-Fried crypto empire collapse. He said Blackrock had a $24 million investment in FTX, which filed for bankruptcy earlier in November. The crypto exchange faced a significant liquidity crunch linked to alleged diversion of user funds to other companies owned by&nbsp;<a href="https://coingape.com/tag/sam-bankman-fried/">Sam Bankman-Fried</a>.

The Japanese subsidiary of Sam Bankman-Fried’s failed crypto empire FTX has put together a draft plan for clients to withdraw funds, in what would be one of the rare cases of investors getting money back from the collapsed exchange.

On Tuesday, Sam Bankman-Fried (SBF)’s first long-form interview since FTX’s bankruptcy was published to YouTube by citizen journalist Tiffany Fong.

According to a Nov. 21 report from Japan-based news outlet NHK, FTX Japan has been <a href="https://www3.nhk.or.jp/news/html/20221121/k10013898981000.html" target="_blank">making</a> preparations to resume withdrawals. Japan’s Financial Services Agency, or FSA, requested the exchange suspend business orders on Nov. 10 prior to FTX Group <a href="https://cointelegraph.com/news/ftx-ftx-us-and-alameda-file-for-chapter-11-bankruptcy-in-us-sbf-resigns">declaring bankruptcy in the United States</a> for more than 130 associated companies, including FTX Japan Holdings, FTX Japan, and FTX Japan Services.

Crypto exchange FTX Trading’s Japanese arm FTX Japan plans to resume withdrawals by the end of this year. While the withdrawals are currently suspended, FTX Japan’s executive said on Monday that the team is already developing its withdrawal system.