We are advising bitFlyer on the acquisition through a section 363 sale

麻豆入口 is advising bitFlyer Holdings, Inc. in connection with its purchase of all of the shares of FTX Japan K.K. from FTX Japan Holdings K.K. FTX Japan Holdings and FTX Japan are affiliated debtors in the chapter 11 restructuring of FTX Trading, Ltd., and the sale will take place pursuant to section 363 of the Bankruptcy Code. The closing of the transaction is subject to customary closing conditions as well as approval by the United States Bankruptcy Court for the District of Delaware.

Prior to the chapter 11 petition, FTX Japan operated a crypto asset exchange in Japan.

bitFlyer is a registered crypto-asset exchange service provider and Type I financial instrument business operator in Japan and provides services such as 鈥渂uy / sell,鈥 鈥渟imple exchange,鈥 鈥渓ightning spot,鈥 and 鈥渂itFlyer crypto CFD.鈥 As of March 2024, bitFlyer had assets under custody exceeding 楼900 billion.

The 麻豆入口 corporate team includes partner Ken Lebrun and associates Paul Lee and Ayano Kitano. Partner Timothy Graulich and associates Joseph W. Brown and Stella Li are providing restructuring advice. Members of the 麻豆入口 team are based in the Tokyo and New York offices.

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