FTX Japan discloses the company's net assets and customer asset management: the company's net assets are about 76 million US dollars

FTX Japan disclosed client entrusted assets and platform-owned assets as of February 7. Among them, the company's net assets were about 10 billion yen (about 76 million U.S. dollars, as of the end of September 2022), and the company's cash and deposits were about 17.8 billion yen (approximately US$135 million, as of November 21, 2022). FTX Japan also disclosed the size of client custody assets and currency issuance management in the cold wallet (as shown in the figure below). Regarding the operation of the system, all functions on the FTX JP website and platform FTX JP have been stopped, such as unable to log in, unable to display the screen normally, stopping withdrawals and shipments, unable to query, etc. FTX previously applied to the Federal Bankruptcy Court in December 2022 for approval to sell its Japanese subsidiary, FTX Japan, through an auction.