Today in Crypto: FTX-owned Liquid to Start Refunding Customers in February...

Liquid, a Japan-based crypto exchange owned by the now-bankrupt FTX exchange, released a plan to return assets to customers from February next year. Per the company statement, FTX Japan is developing systems to enable its customers to withdraw their assets via Liquid Japan. It will include a three-step process that will see customers open Liquid Japan accounts by mid-January, followed by balance checks, and the opening of withdrawals in mid-February.

The Securities Commission of The Bahamas confirmed it holds $3.5 billion worth of FTX’s assets, which it had taken possession of in early November. The regulator said that assets would remain in its digital wallets until the Bahamas Supreme Court directs them to distribute the funds to the failed exchange's customers and creditors, or until they receive clarity about how the firm’s insolvency is to be handled.

COTI Network, the layer-1 blockchain behind Cardano (ADA)’s upcoming Djed stablecoin, announced that it updated its network. “MultiDAG 2.0 hard fork event was successfully completed and the Mainnet is now live,” said the press release. The launch of the MultiDAG 2.0 protocol, it added, “heralds the full transition of COTI from a single currency infrastructure to a multi-token network.” COTI also launched the Bridge 2.0 wallet app and Explorer 2.0.
US-based tech company SafeMoon announced the release of the SafeMoon Token Monetization Innovation (TMI), a patent-pending invention that operates as follows: the exchange fees are charged upfront in the chain native token, freeing the entire swapped amount to be exchanged while preserving the liquidity pool; and the system adopts novel smart contracts in interacting with token liquidity pairings within the SafeMoon decentralized exchange (DEX) community in order to accomplish pre-transactional transparency, it said.

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