The next victim of FTX Contagion: a Japanese stock exchange

The next victim of FTX Contagion: a Japanese stock exchange

The Japanese FTX exchange Liquid Global will set all payments, including Fiat and cryptocurrencies.

Payouts have been suspended so that the company could meet the requirements of the voluntary procedure in accordance with Chapter 11 in the United States, according to A Twitter from the company.

"This is not a security -relevant stop," tweeted the stock exchange.

added: "Until further notice, we would suggest that neither Fiat nor crypto."

Liquid Global was the victim of a $ 97 million hacks, in which the stock exchange unveiled that its “warm” Wallets had been compromised.

Shortly after the hack announced Liquid Global in A Blog entry that it had received a loan of $ 120 million.

Back then the stock exchange said that it was "grateful for the ftx's trust vote and the valuable support of its users".

"The financing will also improve the balance of Liquid and thus its most important regulatory key figures, which further confirms its ongoing licensing options in the most important jurisdiction Japan and Singapore," added Liquid Global.

Then FTX acquired the company and the parent company of Liquid Global, Quoine in February 2022.
Quoine was one of the first stock exchanges to receive an operating license for digital assets in 2017 after the Japanese Payment Services Act. She is in the process of receiving a similar approval from the Monetary Authority of Singapore, and FTX filed for bankruptcy last week will probably affect the application .

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The Post Ftx Contagion’s Next Victim: A Japanese Exchange is not a financial advice.