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FTX Japan to Go Into 'Close-Only' Mode Following Regulator's Order to Suspend Operations

The Financial Services Agency had ordered the local arm of Sam Bankman-Fried's crypto exchange to halt operations until December following a withdrawal halt.

FTX CEO Sam Bankman-Fried (Jesse Hamilton/CoinDesk)
FTX CEO Sam Bankman-Fried (Jesse Hamilton/CoinDesk)