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FTX's Japan unit poised for sale as bankruptcy process begins

Japanese assets were put under protection when crypto group collapsed

FTX Trading and more than 100 affiliated companies have filed for Chapter 11 bankruptcy in the U.S.   © Reuters

NEW YORK/TOKYO -- FTX Japan, part of collapsed cryptocurrency group FTX, is expected to be sold off in a bankruptcy process spanning the globe.

Parent company FTX Trading said Saturday it was launching a strategic review of global assets following a Chapter 11 bankruptcy protection filing in the U.S.

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