Liquid Global Disabled Deposits Following The Suspension Of Withdrawals
On November 16, Liquid Global (Quoine Pte. Ltd) announced it has ceased deposit services after detecting the suspension of withdrawals.
Liquid Global, a Japanese cryptocurrency exchange, has recently updated on their official Twitter about the disable deposit on the exchange platform following the suspending withdrawals.
According to reports, Quoine Pte. Ltd is one of the FTX Trading International affiliates that declared bankruptcy. It was reported in August of last year that the hacked exchange Liquid Global received a loan of US$120 million from FTX. Liquid Global announced the suspension of all withdrawals yesterday evening.
The exchange also stated that if a user initiates a deposit into the Liquid wallet and it is not reflected in the account balance, they should contact [email protected].
The community is wondering if this is a sign of the next Crypto exchange to fail.
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