FTX Japan customers will soon be able to withdraw their funds from the collapsed crypto exchange

Customers of FTX Japan will be able to withdraw their funds from the exchange in February.

Users can get their money back via Liquid Japan, a local exchange acquired by FTX, according to the Japanese unit of FTX.

FTX Japan will instruct clients next month to set up an account with Liquid Japan, and they will be able to retrieve their assets in the middle of February. According to a post on Friday, the asset retrieval timeline is still subject to change.

FTX Japan users will be the first to get their money back after the company filed for bankruptcy.

FTX users in the Bahamas were able to withdraw their funds before the filing. FTX said on November 10 that it had to start facilitating withdrawals from the Bahamas. Clients in other countries weren't allowed to do it.

FTX Japan was ordered to stop all platform withdrawals on November 8.

Some FTX customers are selling their credit claims at steep discounts without another way to get their money.

Bankman- Fried is scheduled to appear in a New York federal court on January 3 for charges of wire fraud and conspiracy.