In a statement, the firm, which is a foreign company that operates in Argentina and other Latin American countries, specified that “the exchange’s exposure to FTX is partial and is around 35% of the assets.”
“We are working to recover all the obligations owed to Quantia“, explained Schweizer, who assured: “We are actively working on different alternatives and possible scenarios, to restore withdrawals very soon.”
Likewise, and to protect the rest of the assets, the exchange suspended all operations with counterparties for the next seven days, “until the situation in the entire crypto market normalizes.”
The company stated that, “At this time, withdrawals remain suspended, but internal transfers via the Quantia-Internal network are enabled.”
He also underlined that “trading within the platform works as normal, since it was not affected by the FTX situation.”
However, they recommended users “do not make deposits until all services are normalized”.
They also announced that “next Monday, November 21, the exchange will prepare a new statement on the updated status of the situation.”
Source: Ambito
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