Liquid Global, the Japanese cryptocurrency exchange that was recently attacked, has secured $120 million in debt financing from FTX, which will be used to improve Liquid Global's capital position, accelerate capital generation projects and provide liquidity, It will also improve Liquid Global's balance sheet, thereby improving its key regulatory metrics and further confirming its commitment to continued licensed service opportunities in key jurisdictions such as Japan and Singapore.
Earlier in 2017, Liquid Global's parent company Quoine was granted a virtual currency exchange license by Japan's Financial Services Agency, while its Singapore subsidiary Quoine Pte has applied to the Monetary Authority of Singapore (MAS) for a license under Singapore's Payment Services Act.
As previously reported, Liquid reported that its hot wallet was attacked on August 19 and has now planned to gradually resume cryptocurrency deposit and withdrawal services.