Hacked Liquid Exchange receives USD 120 million in debt financing from FTX

Liquid, a Japanese cryptocurrency exchange, has received USD 120 million in debt financing from FTX Trading after being hacked by nearly USD 100 million last week.

Announce In Thursday’s news, Liquid Group and FTX Trading, the owner and operator of the cryptocurrency exchange FTX, stated that the new funds will help Liquid improve its balance sheet and provide the exchange’s licensing opportunities in major jurisdictions in Japan and Singapore. make a contribution. The announcement pointed out that the new funds are also aimed at generating new capital, increasing liquidity, and improving Liquid’s customer support.

CEO and founder of FTX Sam Bankman-Fried Said that the new financing supports the cooperative efforts of the two exchanges to promote the adoption of cryptocurrencies and provide better services to the ecosystem. “This opportunity for Liquid allows both organizations to reinforce and reinforce the belief that crypto regulation and understanding your customers are an important part of our industry’s future,” he said.

Funds will arrive soon Liquid suffered a major hacking incident Last Thursday, when the exchange’s hot wallet was hacked.According to calculations by blockchain analysis company Elliptic, Liquid hackers Stole A total of 97 million U.S. dollars in various cryptocurrencies, including Ethereum (Ethereum), Ripple, Stablecoin, bitcoin (Bitcoin) And other tokens.

In Monday’s event update, Liquid assured customers that “they will not suffer any losses due to the incident” and added that user balances will not be affected. “We will continue to work hard to gradually restore cryptocurrency deposit and withdrawal services,” Liquid pointed out.

related: Poly Network hackers returned $258 million to conduct an AMA on the reasons for the failure

Founded in 2014, Liquid is a major cryptocurrency exchange, licensed under the Japanese Payment Services Act through its Japanese operating entity Quoine Corporation. Liquid’s Singapore operating entity Quoine Pte has also applied for a license from the Monetary Authority of Singapore in accordance with Singapore’s Payment Services Act.

Liquid’s hack is the second major crypto robbery this month Utilize the cross-chain protocol Poly Network August 10, as of August 23, Poly Networks Regain control of $610 million Among the assets affected in the attack as an unknown hacker Return stolen funds To the network.