BitFlyer acquires FTX Japan, intends to revamp exchange into crypto custodial firm

Oluwapelumi Adejumo

BitFlyer, one of Japan’s largest crypto exchanges, agreed to acquire the Japanese subsidiary of FTX, the defunct crypto exchange founded by the convicted Sam Bankman-Fried. FTX Japan was among the several companies impacted by FTX’s collapse in November 2022. Despite the turmoil, FTX Japan maintained that its customers’ assets were separate from FTX’s bankruptcy estate […]

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BitFlyer acquires FTX Japan, intends to revamp exchange into crypto custodial firm