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Japanese Crypto Exchange Liquid Global Got Support From FTX With $120 Million Loan
Summary: Japanese cryptocurrency exchange Liquid Global and Sam Bankman-Fried's FTX have signed a debt financing agreement. Under the agreement, FTX will provide Liquid with a loan of $120 million. Liquid stated that the new debt financing will be used for Liquid’s capital position to speed up capital generation projects and provide key liquidity, as well as improve ...
Japanese cryptocurrency exchange Liquid Global and Sam Bankman-Fried's FTX have signed a debt financing agreement.
Under the agreement, FTX will provide Liquid with a loan of $120 million.
Liquid stated that the new debt financing will be used for Liquid’s capital position to speed up capital generation projects and provide key liquidity, as well as improve Liquid's balance sheet and key regulatory indicators, which further strengthen its main business in Japan and Singapore. The development of jurisdictions.
Liquid's parent company, Quoine, was one of the first exchanges to obtain a crypto asset operating license under the Japanese Payment Service Law. Quoine Pte, Liquid’s Singapore subsidiary, also applied for a license from the Monetary Authority of Singapore (MAS) under Singapore’s Payment Services Act.
Liquid was stolen more than $90 million in a hacking attack last week. The company claimed today that users will not suffer any loss and there will be no impact on the user's Liquid balances.
Tags: FTX,Liquid Global,SAM BANKMAN-FRIED
Link: Japanese Crypto Exchange Liquid Global Got Support From FTX With $120 Million Loan [Copy]
