Liquid Suspended All Withdrawals.
The Japanese cryptocurrency exchange Liquid is the latest company to halt withdrawals amid the ongoing crisis of centralized crypto exchanges. FTX-owned cryptocurrency exchange Liquid officially announced on Twitter on November 15 that it is suspending fiat and crypto withdrawals on its Liquid Global platform. As for the reason for the suspension, Liquid cited the requirement to comply with the voluntary Chapter 11 process in the US, stating:
Due to the Chapter 11 filing by FTX Trading International, the ultimate beneficial owner of Quoine Pte. Ltd, Liquid Exchange (Quoine Pte.) is halting all withdrawals — both fiat and cryptocurrency.”
The exchange stressed that the latest measures “are not security-related suspensions”, adding that more information will be provided later. The company also advised its users not to deposit fiat or crypto until further updates are available.
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