Japanese cryptocurrency exchange Liquid, which is owned by FTX, has stopped trading five days after suspending withdrawals.
According to the statement shared by the platform:
"We have been instructed by S&C, who act for FTX Trading, to pause all forms of trading on our exchange because of the operation of the Chapter 11 process in the Delaware Courts."
According to the platform team, the company is evaluating the situation and has promised to provide more complete information at a later date.
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Liquid suspended withdrawals last November 16 after FTX Group filed for bankruptcy.
FTX bought the Japanese crypto exchange and related structures in February. In the summer, Sam Bankman-Fried's company announced the launch of a local branch and changed Liquid's name to FTX Japan K.K.