Cryptocurrency exchange Liquid has become the latest platform affected by the FTX collapse, with several other reporting struggles.
Liquid suspended withdrawals of both fiat and cryptocurrency, according to a post on its Twitter page. The exchange did so in order to comply with the requirements of bankruptcy proceedings of FTX. Sam Bankman-Fried’s firm had acquired Liquid Group earlier this year, after offering it a $120 million loan. Liquid suggested that users withhold depositing both fiat and crypto on the platform until further notice.
Following the sudden onset of a liquidity crunch last week,…
