Crypto exchange Liquid, owned by bankrupt FTX, halted “all forms of trading” on Sunday, the exchange announced on Twitter. The Japanese exchange said it’s pausing trading activity at the request of FTX Trading, which is moving forward in its Chapter 11 bankruptcy process in the Delaware courts.
“We have since done so while we assess the situation. We are working through these issues and will endeavor to give a fuller update in due course”, Liquid said in a statement.
Liquid’s halt on trading activity comes almost a week after the exchange suspended crypto and fiat withdrawals. Prior to pausing withdrawals, Liquid said that it had not been impacted by the blowup of FTX, which bought the exchange in February 2022 for an undisclosed amount.
FTX Japan, another FTX subsidiary, suspended operations on November 10. This followed a request from Japan’s Financial Services Agency.
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