FTX Japan getting drained after reopening – UPDATE

For those that don’t know, FTX Japan reopened last week, allowing depositors (though apparently not all) to withdraw and to “resume” normal business.

The three most held coins on there are BTC, ETH and XRP, and they’ve all seen withdrawals of 20-50% of the total supply held there.

February 20th February 27th BTC $97 mln $50 mln ETH $33 mln $19 mln XRP $28 mln $21 mln

Source is FTX Japan’s filings.

Seems Bitcoin holders are the smartest ones, pulling out the most (-47%). Ethereum second smartest (-40%) and XRP holders maybe still have some trust in a FTX Japan restart (-22%). Numbers don’t match up exactly because for withdrawals I took the crypto amounts, rather than USD amounts.

Anyway if you also have coins in FTX Japan and have not been following, be aware you can withdraw now!