Crypto mining company Poolin pauses withdrawals

Crypto Mining Company Poolin Pauses User Withdrawals

06.09.2022 10:09
by Sviatoslav Pinchuk
1 min read

Crypto mining firm, Poolin, has temporarily halted BTC and ETH withdrawals from its wallet. The company cites liquidity issues concerning its mining pool as the reason behind the pause.

There is still no definitive info on when the withdrawals will be resumed. However, Poolin’s support page states that this should happen within the next two weeks.

The crypto miner is assuring users that their assets will remain safe. In addition, coins apart from BTC and ETH are not affected.

Poolin, a China-based company, is the fourth biggest miner when it comes to the percentage of mined Bitcoin blocks over the past year – 10.8%, according to BTC.com. Regardless, the crypto winter is harsh, even for well-performing companies. Poolin is just another crypto firm that has recently halted user withdrawals.

Author

  • Man who simply bought some BTC for domestic needs in 2014 and then forgot about it till 2017. The dude who got Etherium in 2017 by misclick and sold it in 2018 "just to try". Lost 1 Florida house in XEM in 2018, Sviatoslav finally decided to trade reasonably and now he is one of the most analytical and data-driven trader in Crypto Industry. Has Bachelor Degree of Chinese Interpreter and deep practical experience in competitive niches SEO.

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