FTX-owned Liquid announces plan to return customer funds

Liquid, a Japanese fintech company owned by FTX, has announced plans to return client funds. The move comes a day after a class action lawsuit seeking to give FTX clients priority in recovering their assets.

Liquid, a Japanese fintech company owned by FTX, has released a plan for how the company will return assets to clients. The return process will be specific to users who have accounts with FTX Japan and Liquid Japan, according to a statement Withdrawals and withdrawals are available through the web version of Liquid Japan. Specifically, you can check your FTX Japan
balance from Liquid Japan’s web version and then withdraw/withdraw,” Liquid said, according to a translated company statement. FTX completed the acquisition of Liquid, which operates in Japan, Singapore and Vietnam, in MarchOn November 11, FTX submitted a Chapter 11 bankruptcy petition.

One day after a class action lawsuit was filed in an effort to give FTX customers’ requests for their money back priority, Liquid made its move.