While FTX customers worldwide patiently protect up for a conclusion to the FTX and Sam Bankman-Fried (SBF) litigation, users of FTX Japan hold began withdrawing all of their funds.
On Nov. 7, 2022, crypto exchange FTX and its subsidiaries slowed fund withdrawals after Changpeng Zhao, the CEO of Binance, presented the crypto exchange would liquidate its colossal holdings of FTX Token (FTT). The domino type compelled Liquid Neighborhood — a Eastern crypto trading platform owned by FTX since February 2022 — to shut withdrawals on Nov. 15, 2022.
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