FTX Japan users rejoice as crypto exchange allows total fund withdrawal amidst legal turmoil

On February 21, 2022, users of FTX Japan rejoice as the crypto exchange resumed withdrawals after being halted on November 15, 2022, due to accusations of Sam Bankman-Fried (SBF) misappropriating user funds. This followed a domino effect initiated by SBF’s legal conclusion and the parent company’s halt of all fund withdrawals on November 7, 2022.