Crypto exchange Liquid halted withdrawals of both fiat currency and cryptocurrencies in order to adhere to rules pertaining to FTX’s petition for Chapter 11 bankruptcy protection.

The exchange announced on Twitter:

In May, Liquid Group and all of its operating companies were purchased by FTX Trading Ltd. The purchase led to the creation of FTX Japan.

The announcement comes after the Financial Services Agency of Japan ordered FTX Japan to cease operations and hold assets in Japan equal to its liabilities on its balance sheet until December 9. Recently, FTX Japan reported on the management status of each asset at the company and the status of their own assets as follows.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Harold

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Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

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News

Crypto Exchange Liquid Suspends Fiat And Crypto Withdrawals

Crypto exchange Liquid halted withdrawals of both fiat currency and cryptocurrencies in order to adhere to rules pertaining to FTX’s petition for Chapter 11 bankruptcy protection.

The exchange announced on Twitter:

Fiat and crypto withdrawals have been suspended on Liquid Global in compliance with the requirements of voluntary Chapter 11 proceedings in the United States.

Until further notice we would suggest to not deposit either FIAT or Crypto

We will provide updates when available.

— Liquid Global Official (@Liquid_Global) November 15, 2022

In May, Liquid Group and all of its operating companies were purchased by FTX Trading Ltd. The purchase led to the creation of FTX Japan.

The announcement comes after the Financial Services Agency of Japan ordered FTX Japan to cease operations and hold assets in Japan equal to its liabilities on its balance sheet until December 9. Recently, FTX Japan reported on the management status of each asset at the company and the status of their own assets as follows.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News

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