Liquid Stops Trading After Suspending Withdrawals
Only five days after prohibiting fiat and cryptocurrency withdrawals on the site, Liquid discontinued trading on it.
In order to comply with FTX’s petition for Chapter 11 bankruptcy protection on November 15, the firm put a stop to all fiat and crypto withdrawals.
The exchange announced on Twitter on Sunday:
The exchange is still in the process of assessing the situation and no further information is available.
In March, Liquid Group and all of its operating subsidiaries were purchased by FTX Trading. No purchase price was made public, but the exchange had previously offered the exchange a $120 million loan after it suffered a hack and lost $90 million.
FTX is currently still in the process of reviewing its assets before bankruptcy.
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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Website: coincu.com
Harold
Coincu News
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Liquid Stops Trading After Suspending Withdrawals
Only five days after prohibiting fiat and cryptocurrency withdrawals on the site, Liquid discontinued trading on it.
In order to comply with FTX’s petition for Chapter 11 bankruptcy protection on November 15, the firm put a stop to all fiat and crypto withdrawals.
The exchange announced on Twitter on Sunday:
The exchange is still in the process of assessing the situation and no further information is available.
In March, Liquid Group and all of its operating subsidiaries were purchased by FTX Trading. No purchase price was made public, but the exchange had previously offered the exchange a $120 million loan after it suffered a hack and lost $90 million.
FTX is currently still in the process of reviewing its assets before bankruptcy.
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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