FTX Japan announced that its customers will be able to withdraw their cryptocurrencies and fiat currencies deposited with the company from 21 February.The Japanese subsidiary of the bankrupt crypto exchange FTX said on Monday that its customers will be able to withdraw their crypto and fiat currency deposits from 21 February.The withdrawal will also be facilitated through Liquid Japan, a crypto trading platform acquired by FTX last spring. The company’s announcement came after FTX Japan’s founder and former CEO Sam Bankman-Fred stopped withdrawals last November as his crypto empire collapsed.FTX had filed for bankruptcy in November last year after a sharp drop in the price of the exchange’s local cryptocurrency FTT triggered an uneasiness in the stock market. As assets were transferred out of the exchange, it was revealed that FTX did not have a one-to-one reserve of customer assets, was unable to fulfil withdrawals and was forced to file for bankruptcy.Bankman-Fried was arrested following these developments and has since been charged with a number of financial crimes such as money laundering, although he has since pleaded not guilty. Cryptocurrency exchange FTX, on the other hand, said in the Delaware bankruptcy court on Saturday that it owed $ 3.1 billion to its 50 largest creditors.The Tokyo-based company asked customers eligible to withdraw their funds to create an account through Liquid Japan.FTX Japan said in a blog post, “The bankruptcy of our parent company had a wide range of effects and we had to wait a long time to continue operations. We convey our deepest apologies.” FTX Japan also warned that the withdrawal process could be blocked by a large number of customers sending requests at the same time. According to Bloomberg, on 1 December, the platform holds about $ 94.5 million in crypto and $ 46 million in fiat currency. FTX Japan began operations in June last year, while Bankman-Fried’s company operated for less than six months before filing for bankruptcy. Bankman-Fried was appointed interim CEO of the company when the subsidiary became operational. “Japan has a potential market size of almost $ 1 trillion when it comes to cryptocurrency trading,” Bankman-Fried said in a statement about the company last June.