On Nov. 15, 2022, the crypto exchange Liquid Global revealed that it has suspended fiat and crypto withdrawals “until further notice.” 

According to the official Liquid Global Twitter account, Liquid has suspended both crypto and fiat withdrawals.

“Fiat and crypto withdrawals have been suspended on Liquid Global in compliance with the requirements of voluntary Chapter 11 proceedings in the United States,” the company tweeted. “Until further notice, we would suggest to not deposit either fiat or crypto. We will provide updates when available,” the exchange added.

Liquid Group was acquired by FTX Trading Ltd. last May plus all of the company’s subsidiaries including Quoine. At the time, Liquid said the “economic terms of the deal have not been disclosed.”