Crypto miner Poolin suspends BTC and ETH withdrawals, citing ‘liquidity issues’

1
Poolin, one of the largest bitcoin miners based on computing power, announced that Poolin stopped withdrawing bitcoin and ether from its wallet service due to “liquidity issues.”

In Monday’s announcement, Poolin said the wallet service “has experienced liquidity issues due to the recent increase in withdrawal demand” and plans to stop paying for bitcoin (BTC) and ether (ETH). On the Telegram channel, Poolin support told users that “it is difficult to specify a specific date for the return to normal services”, but hinted that it could take a few days, and said on the help page that “the recovery time and plan will be released within two weeks.”

“Rest assured. All user assets are safe, and the company’s net worth is positive,” Pauline said. “On September 6th, we will calculate the remaining BTC and ETH balance in the snap pool and calculate the balance. Coins mined daily after September 6th are usually paid out daily. Other tokens are not affected.”

Poolin is a Chinese mine that went public in 2017 and operates under Blockin. According to BTC.com, the company has mined about 10.8% of BTC blocks in the past 12 months, making it the fourth mine after Foundry USA, AntPool and F2Pool.

Related: Ethereum merger picks miners and mines.

The mine is the company that recently published mayor/market/mayor/market predictions in the cryptocurrency space and stopped extracting. Multiple transactions, including Coinbase and FTX, indicate that ETH withdrawals will cease during the transition from the ethereum blockchain to stocks, scheduled for September 10-20.


Post time: Sep-07-2022