Liquid Exchange and QASH Exposed by CoinDesk: How Not to Run a Cryptocurrency Exchange
From the outside, Japanese exchange Liquid looks like a crypto success story. Like many exchanges, Liquid weathered hacks, including a $90 million theft last August that forced it to get an emergency loan from crypto derivatives exchange powerhouse FTX. Led by billionaire Sam Bankman-Fried, FTX later agreed to buy Liquid, legally known as Quoine, for an undisclosed price in a deal that closed on April 4 of this year.
Also in April 2019, Liquid announced a U.S. venture called Liquid USA. A person with knowledge of the venture said that Liquid management insisted Liquid USA allow "Basic" accounts, which did not require know-your-customer screening, even though such accounts generated little revenue and were likely to be frowned upon by U.S. regulators.
Source
https://t.me/Crypto_Futures_Trading
