Japanese Crypto Exchange Owned by FTX Suspends Withdrawals

Liquid, the cryptocurrency exchange owned by FTX, which recently declared bankruptcy, has stopped withdrawals.

Japan-based crypto exchange Liquid, founded in 2014, made a statement on its social media account, Withdraw both fiat and cryptocurrencies stopped its operations announced. According to the statement, Liquid will process withdrawals from FTX. due to file for chapter 11 bankruptcy stopped. In addition, the company said that it will be notified when there is an update.

With the collapse of FTX, the customers of the exchange claim that they cannot make withdrawals had done. On top of that, Liquid announced on November 12 that they provided the controls. there is no problem he had said.

The company, which was acquired by FTX in February of this year, had a license to operate in Japan. According to the statement made at that time FTX and Liquidto investors in Japan and the global market product and liquidity to ensure to work together was aiming.

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