The Japanese subsidiary of the embattled exchange, FTX, has finally lifted restrictions on customer withdrawals three months after it was asked by the Japanese authorities to stop. 

In its latest release, the exchange “express(ed) [its] deepest apologies for the great concern and inconvenience caused to customers due to the long-term suspension of its services.” Stating further, reopening will kick off 12:00 Japan Time (3:00 GMT) and be facilitated through Liquid Japan. FTX Japan requires all customers affected and notified via mail to open a  liquid Japan account and prove existing balances prior to claiming. 

In defense of its liquidity position, the exchange subsidiary, which opened in June last year, disclosed that it had approximately 10 Billion Yen ($74.5 Million) in asset balances and 17.8 Billon Yen ($132 Million) worth of cash deposits. Thus was disclosed in accordance with recent Japanese laws requiring exchange companies to separate customer funds from company assets.