Liquid Exchange Company The Japanese cryptocurrency is the latest company to stop withdrawals. In the midst of the ongoing crisis of the FTX exchange
Liquid, the company owned by Sam Bankman-Fried’s FTX, took to Twitter on Nov.announceofficial that It will suspend fiat and crypto withdrawals on its Liquid Global platform.
Liquid referred to compliance with the requirements of a Chapter 11 bankruptcy proceeding in the United States byindicate that : “Due to the Chapter 11 bankruptcy filing by FTX Trading International, The ultimate beneficiary owner of Quoine Pte. Liquid Exchange (Quoine Pte.) is suspending all withdrawals — fiat and crypto currencies.”
Liquid emphasizes that the latest measures It was “not a safety-related stoppage,” and added that more information would be provided later. The company also recommends that users should not deposit fiat or crypto until further updates.
The news comes shortly after Liquid claimed that customer assets in its Liquid wallet were not affected by FTX.
Liquid was founded in 2014 as a cryptocurrency exchange licensed under the Japan Payment Services Act through Quoine Corporation, from which FTX acquired the Liquid Group and its subsidiaries. In February 2022
The post Liquid, the FTX-owned crypto exchange, has halted all withdrawals appeared first on Bitcoin Addict.