Liquid Global announced that it has stopped all withdrawals after FTX filed for bankruptcy.
After FTX gave up on buying Binance, it looked for investments for a while. Later, FTX, which could not find the support it was looking for, filed the bankruptcy flag. Then it stirred the market due to hacking attacks and suspicious transactions. FTX and its crypto exchanges are also on the verge of collapse.
Liquid Global, Acquired by FTX, Suspends Transactions
Liquid Global, which was acquired by crypto exchange FTX earlier this year, said it has stopped all withdrawals after FTX filed for Chapter 11 bankruptcy in the US.
Crypto exchange Liquid Global shared on Twitter that customers cannot buy crypto and all other currencies. It was also stated that more information will be provided in the future.
Due to the Chapter 11 filing by FTX Trading International the ultimate beneficial owner of Quoine Pte. Ltd, Liquid Exchage (Quoine Pte.) is halting all withdrawals – both fiat and crypto currency.
More information will be provided as it becomes available
— Liquid Global Official (@Liquid_Global) November 15, 2022
Japanese cryptocurrency exchange Liquid Global lost $90 million in a hack attack in 2021. After the attack, FTX, which gave a $120 million loan to Liquid and agreed to buy the stock market outright, collapsed, and Liquid Global took it with it.
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