The Japanese Financial Regulator Has Extended the Cease and Desist order on FTX Japan until March 9 next year

Dec 09,2022
KingData News: The Kanto Regional Finance Bureau announced today on its official website that the cease and desist order on FTX Japan will be extended until March 9, 2023, unless the company is able to promptly return the margin entrusted to it by investors or the business related to OTC derivatives trading implemented by the company has undergone a proper and feasible overhaul. The cease and desist order ordered FTX Japan to cease its business related to OTC derivatives trading and custodial operations such as margin for investors associated with that business.
A financial document disclosed in the media indicates that SBF's Alameda Research has a capital debt situation, with nearly half of its holdings related to FTT and Solana. On November 6, 2022, CZ stated that due to recent revelations, Binance will sell all FTT on its books. This indicator broadcasts updates on FTX-related events.
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