Japanese exchange Liquid has halted all withdrawals, citing compliance with the Chapter 11 filing by FTX Trading International in the United States.
The Japanese cryptocurrency exchange Liquid is the latest company to halt withdrawals amid the ongoing crisis of centralized crypto exchanges.a suspension of fiat and crypto withdrawals on its Liquid Global platform.
Addressing the reasons for the suspension, Liquid cited compliance with the requirements of voluntary Chapter 11 proceedings in the United States,“Due to the Chapter 11 filing by FTX Trading International, the ultimate beneficial owner of Quoine Pte. Ltd, Liquid Exchange is halting all withdrawals — both fiat and crypto currency.”
The exchange emphasized that the latest measures are “not a security related halt,” adding that it will provide more information at a later date. The firm also suggested that its users should not deposit either fiat or crypto until more updates are available. Fiat and crypto withdrawals have been suspended on Liquid Global in compliance with the requirements of voluntary Chapter 11 proceedings in the United States.We will provide updates when available.
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