Check the statement here -
https://liqui.io"Liqui is no longer able to provide liquidity for the Users left. We also do not see any economic point in providing you with our services."
30 days to withdraw through the website, then you have to do it through a freshdesk support ticket.
I seem to remember reading they changed to asking monthly subscription fees or something. That wasn't going to work no matter what.
How many more exchanges will croak?
It's not surprising given their lack of support during 2017-2018 which left a lot of users frustrated and looking for other exchanges.
Also, the fact that they offered such high returns on investments could be a reason why they are shutting down. Due to the decreased volumes they could have potentially realized that it would be completely unsustainable to be paying investors such high rates of returns. That's just a guess though and it's unconfirmed.
Either way, I don't think that Liqui ever had that good of a reputation and this news was probably only a matter of time given their lack of competence in customer service. At least they are offering full refunds, which is hopefully legit and not just a promise thrown out there.
There are definitely other exchanges that will struggle in this bear market, in my opinion. The question is which ones will push through and which ones will close their doors.