Part of the CustodyStress archive of observed Bitcoin custody incidents
CS-01043
Platform bankruptcy — FTX (2022)
SurvivesCase description
FTX customers in Japan found themselves in a separate legal proceeding from the main US bankruptcy after Japanese regulators at the FSA moved quickly to ring-fence FTX Japan's assets. FTX Japan customers had better legal protection than most international users—Japanese securities law required customer asset segregation—and eventually received priority access to their funds through local regulatory proceedings. However, the process still took months and required navigating Japanese-language legal procedures.
Custody context
| Stress condition | Vendor lockout |
| Custody system | Exchange custody |
| Outcome | Survives |
| Documentation | Unknown |
| Year observed | 2022 |
| Country | International |
Structural dependencies observed
Outcome interpretation
Access remained possible under the reported conditions.
Source
Publicly Reported
Evidence type
News article
Related cases involving vendor lockout
This archive documents observed custody survivability failures. It does not attempt to document all Bitcoin losses or security incidents.
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Framework references
Where Bitcoin Custody Intersects Legal and Fiduciary Authority
Where custody creates gaps in estate planning, fiduciary duty, and professional responsibility.
Professional Scope Boundary Matrix
What each professional or product covers, what they do not, and where gaps form between them.
The Independent Assessment Layer in Bitcoin Custody
How independent diagnostic layers emerge when multiple parties depend on shared infrastructure.
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