Bitcoin mining pool Poolin's wallet service PoolinWallet has suspended all withdrawals due to liquidity issues

2022-09-06 07:47:45

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Chain Catcher news, due to liquidity issues, the Bitcoin mining pool Poolin's wallet service PoolinWallet has suspended all withdrawal services, lightning transactions, and internal transfers starting Monday. On Sunday, the company's CEO and founder Kevin Pan stated that Poolin is facing liquidity problems but assured users that their assets are safe.

The official statement indicated that a "feasible" solution would be provided within a week, which may include debt. On Monday, in another article on the Poolin website, the company announced that starting from September 8, it would waive mining fees for Bitcoin and Ethereum until December 7, and for users with more than 1 BTC or 5 ETH in their pool balance, it would waive fees for 12 months or in the pool account. (CoinDesk)

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