Liquid Attracts $120M Debt Funding from FTX after $90M Loss
Main page News, Cryptocurrency Exchanges

Cryptocurrency exchange Liquid has attracted $120 million from FTX as debt financing, the exchange announced in an announcement. The proceeds will reportedly provide the exchange with "critical liquidity" and "strengthen its capital position."

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

"The financing will also improve Liquid’s balance sheet and, in turn, its key regulatory metrics, which further corroborates its ongoing licensing opportunities in the key jurisdictions of Japan and Singapore," the exchange said.

FTX Signs Long-Term Investment Agreement with Kevin O'Leary

While the terms of the deal remain unclear, FTX's Chief Executive, Sam Bankman-Fried, said that both platforms will strengthen and reinforce the belief that "regulation in crypto and knowing your customer is an important part of the future of our industry." The funding comes a few weeks after Liquid suffered a $90 million loss. The Tokyo-based exchange said that the hacker attacked its multiparty computation (MPC) system of custody.

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.

Read also:
Please describe the error