A week after the hack, FTX extended a $120 million loan to the platform. In April 2022, FTX formally acquired Liquid for an undisclosed amount.
The US-based Poloniex was acquired in 2018 by Circle, then in late 2019 by an investment group that included Justin Sun. Sun moved Poloniex to the Seychelles and closed U.S. operations upon acquiring the platform.
The respondents agreed to a $12.8 million forfeiture of ill-gotten profits, plus a combined $250,000 penalty. The case marked a first from the SEC in the decentralized finance space.