{"id":330522,"date":"2021-08-26T11:04:15","date_gmt":"2021-08-26T08:04:15","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/hacked-liquid-exchange-receives-120m-debt-funding-from-ftx\/"},"modified":"2021-08-26T11:04:15","modified_gmt":"2021-08-26T08:04:15","slug":"hacked-liquid-exchange-receives-120m-debt-funding-from-ftx","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/hacked-liquid-exchange-receives-120m-debt-funding-from-ftx\/","title":{"rendered":"# Hacked Liquid exchange receives $120M debt funding from FTX"},"content":{"rendered":"<p>&#8220;<strong># Hacked Liquid exchange receives $120M debt funding from FTX <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDgvOWQ1MjVmYmEtMmI0MS00YjZmLWFhNzctNzYxZmJlMjBlZDVmLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>Japanese cryptocurrency exchange Liquid has secured $120 million in debt financing from FTX Trading after suffering a nearly $100 million hack last week.<\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/blog.liquid.com\/liquid-ftx-dept-financing\">Announcing<\/a> the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> Thursday, Liquid Group and FTX Trading \u2014 the owner and operator of crypto exchange FTX \u2014 said that the new funds will help Liquid improve its balance sheet and contribute to the exchange\u2019s licensing opportunities in the key jurisdictions of Japan and Singapore. The new funding also targets new capital generation, increasing liquidity, as well as improving Liquid\u2019s customer support, the announcement notes.<\/p>\n<p>FTX CEO and founder Sam Bankman-Fried said that the new financing underpins collaborative efforts of both exchanges to drive crypto adoption and provide better service to the ecosystem. \u201dThis opportunity with Liquid allows both organizations to strengthen and reinforce the belief that regulation in crypto and knowing your customer is an important part of the future of our industry,\u201d he stated.<\/p>\n<p>The funding comes soon after Liquid suffered a major hacking incident last Thursday when the exchange\u2019s warm wallets were compromised. According to calculations by blockchain analytics firm Elliptic, Liquid hackers <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.elliptic.co\/blog\/liquid-exchange-hacked-94-million-stolen\">stole<\/a> a total of $97 million in various cryptocurrencies including Ether (ETH), XRP, stablecoins, Bitcoin (BTC), and other tokens.<\/p>\n<p>In an incident update on Monday, Liquid reassured customers that \u201cthey will not suffer any loss due to the incident,\u201d adding that user balances will not be affected. \u201cWe continue to work diligently to gradually restore crypto deposit and withdrawal services,\u201d Liquid noted.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Incident update &#8211; 25th August 2021:<\/p>\n<p>We want to reassure our users that they will not suffer any loss due to the incident that took place on the 19th of August. There will be no impact on user balances at Liquid. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/UaakRgafFV\">https:\/\/t.co\/UaakRgafFV<\/a><\/p>\n<p>\u2014 Liquid Global Official (@Liquid_Global) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Liquid_Global\/status\/1430484866198507526?ref_src=twsrc%5Etfw\">August 25, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><strong><em>Related: <\/em><\/strong><strong><em>Poly Network hacker returns $258M, conducts AMA on how it went down<\/em><\/strong><\/p>\n<p>Founded in 2014, Liquid is a major cryptocurrency exchange licensed under Japan\u2019s Payment Services Act through its Japanese operating entity, Quoine Corporation. Liquid\u2019s Singapore operating entity, Quoine Pte, has also <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>lied to the Monetary Authority of Singapore for a license under Singapore\u2019s Payment Services Act.<\/p>\n<p>Liquid\u2019s hack was the second major crypto heist that took place this month, following a massive exploit of cross-chain protocol Poly Network on Aug. 10. As of Aug. 23, Poly Network <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/PolyNetwork2\/status\/1429764694948995078?s=20\">regained control of $610 million<\/a> in assets affected in the attack as the unknown hacker returned the stolen funds to the network.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/hacked-liquid-exchange-receives-120m-debt-funding-from-ftx\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Hacked Liquid exchange receives $120M debt funding from FTX &#8221; Japanese cryptocurrency exchange Liquid has secured $120 million in debt financing from FTX Trading after suffering a nearly $100 million hack last week. Announcing the news Thursday, Liquid Group and FTX Trading \u2014 the owner and operator of crypto exchange FTX \u2014 said that&#8230;<\/p>\n","protected":false},"author":1,"featured_media":330523,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDgvOWQ1MjVmYmEtMmI0MS00YjZmLWFhNzctNzYxZmJlMjBlZDVmLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74863,74860,75719,74882,89897,117,20618,5012],"class_list":["post-330522","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-cryptocurrencies","tag-cryptocurrency-exchange","tag-funding","tag-hacks","tag-sam-bankman-fried","tag-business","tag-japan","tag-singapore"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/330522","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=330522"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/330522\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/330523"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=330522"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=330522"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=330522"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}