Embattled Crypto Mining and Wallet Firm Poolin Moved $150M in Bitcoin
The firm issued IOU tokens to its users after it froze withdrawals in September. Source
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Poolin
Crypto miner Poolin pauses BTC and ETH withdrawals, citing ‘liquidity problems’
Poolin, one of the largest Bitcoin mining pools by hash rate, has announced it has temporarily suspended Bitcoin and Ether withdrawals from its wallet service due to “liquidity problems.”In a Monday announcement, Poolin said its wallet service was “facing some liquidity problems due to recent increasing demands on withdrawals” and
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Poolin, One of the Largest Bitcoin Mining Pools, Suspends Withdrawals From Wallet Service
Just yesterday, the mining pool admitted to liquidity issues. Original Source
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Poolin, One of the World’s Biggest Bitcoin Mining Pools, Acknowledges Liquidity Issues
In a post on his WeChat Moments on Sunday, akin to a Facebook newsfeed, Poolin CEO and founder Kevin Pan acknowledged that the company is lacking liquidity, but said user assets are safe. Pan wrote that the company's net worth is still positive and that there will soon be a
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