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FTX Breaking News: Regional Crypto Exchanges Slowly Allow Small Withdrawals

The crypto scandal involving FTX led to a disaster in the crypto market prices, but now, things are slowly starting to recover. The crypto market has been seeing some bullish moves, and the optimistic sentiment is still there. Check out the latest reports about FTX exchange below.

FTX regional crypto exchanges allow withdrawals

It’s been just revealed that FTX Japan said it resumed yen withdrawals after the Japanese regulator, the Financial Services Agency (FSA), expressed concern over the crypto exchange’s health.

According to the reports coming from CoinDesk, elsewhere, FTX Turkey said it was working on sending all Turkish Lira balances to its customers. FTX Japan made the announcement in a short statement on its website Friday.

They noted the following: “Our roadmap for sending all remaining Turkish Lira balances and Today, we plan to share the roadmap for converting users’ crypto balances into Turkish Lira and sending them to their bank accounts.”

“These regional subsidiaries of FTX are wholly owned by FTX’s ‘mothership’ in Antigua, FTX Trading Ltd, and license FTX’s technology stack in exchange for royalty payments sent back to the Antigua-based parent,” according to the online publication mentioned above.

FTX in the news

Tron founder Justin Sun says he’s working with FTX to help a group of crypto investors in the wake of the exchange’s collapse.

In a message that has been retweeted by FTX founder Sam Bankman-Fried, Sun said that he and FTX are working together to “initiate a pathway forward”.

It seems that Sun is looking to exclusively help holders of Tron-related tokens whose funds on FTX were lost in the implosion of the exchange.

“Further to my announcement to stand behind all Tron token (TRX, BTT, JST, SUN, HT) holders on FTX, we are putting together a solution together with FTX to initiate a pathway forward.”

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