Withdrawals frozen at crypto mining firm Poolin amid 'liquidity problems'

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ICYMI: Withdrawals frozen at crypto mining firm Poolin amid ‘liquidity problems’

Trading volumes in bitcoin futures fell below $1 trillion in August even while ether volume surged ahead of The Merge.

 

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Poolin, One of the World's Biggest Bitcoin Mining Pools, Acknowledges Liquidity IssuesUsers of bitcoin mining pool officialpoolin have been facing withdrawal delays since at least late August. The CEO acknowledged the company is facing liquidity issues, but said a plan to address them will come soon. egreechee reports officialpoolin egreechee 🚀 Thnks a millon. officialpoolin egreechee Rip $Btc officialpoolin egreechee Ponzi is about to fall over
Source: CoinDesk - 🏆 291. / 63 Read more »

Poolin, One of the Largest Bitcoin Mining Pools, Suspends Withdrawals From Wallet ServiceJust a day after admitting to liquidity issues, officialPoolin is pausing all withdrawals from its wallet service. egreechee reports officialpoolin egreechee tier10k ser plz officialpoolin egreechee 🤦🏿‍♂️ officialpoolin egreechee Sounds like they fractionalized their mined bitcoin without telling participants. Straight up hashtheft.
Source: CoinDesk - 🏆 291. / 63 Read more »