Share this article
Japanese Regulator Extends FTX Japan’s Suspension as Users Wait for Their Funds
The Financial Services Agency ordered that operations stay suspended for another three months.
By Lavender Au
Updated Dec 9, 2022, 5:05 p.m. Published Dec 9, 2022, 12:58 p.m.
Japan’s Financial Services Agency (FSA) has extended FTX Japan's suspension to March 9. An earlier suspension order, issued on Nov. 10 after FTX Japan halted user withdrawals, was set to expire on Friday.
The FSA reiterated its earlier position, saying that it is necessary to take all possible measures to ensure that FTX Japan's assets do not flow out to overseas affiliates and that the interests of users are not harmed.
STORY CONTINUES BELOW
Japan may be one of very few jurisdictions where FTX customers might be able to receive their funds back, following the collapse of Sam Bankman-Fried's crypto exchange in early November.
FTX Japan said the company is proceeding with the business improvement plan submitted to the regulator on Nov. 16, in a notice posted on its website today. Trading services, deposits and account opening will remain suspended.
It has been working on a plan to return user assets but has not released specifics on when users can expect to receive their funds back.
The FSA responded to a written enquiry from CoinDesk saying that it had ordered FTX Japan to return assets promptly, but had not given a specific deadline.
“We understand that client assets held by FTX Japan are preserved and segregated from its own assets,” the FSA wrote to CoinDesk.
Read more: How Not To Run a Cryptocurrency Exchange
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
CFTC's acting chief Pham poised to go to crypto firm MoonPay once Mike Selig lands
The leader of the derivatives regulator is planning to join the crypto industry as the CFTC and other federal regulators work on policies to benefit the sector.
What to know:
- Commodity Futures Trading Commission Acting Chairman Caroline Pham confirmed again that she's heading to crypto firm MoonPay when the Senate confirms her replacement and he's sworn in.
- President Donald Trump's CFTC chair nominee Mike Selig was set for a Senate vote Wednesday evening, according to that chamber's schedule.
- Selig, currently an SEC official, would arrive at the CFTC just as several of Pham's crypto initiatives have gone live.
Top Stories
