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FTX-Acquired Liquid Pauses Trading Five Days After Suspending Withdrawals

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Crypto exchange Liquid stopped trading on its platform only five days after suspending fiat and crypto withdrawals on the platform. 

"We have been instructed by S&C (law firm Sullivan & Cromwell) 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," the exchange said in a Twitter statement on Sunday. 

On Nov. 15, the company suspended fiat and crypto withdrawals to comply with FTX's filing for Chapter 11 bankruptcy protection. 

(By Tom Matsuda)

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