• Fri, 19 Jul 2019, 04:44 PM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

Polish cryptocurrency exchange Bitmarket ceases operations citing liquidity problems

Tue, 09 Jul 2019, 12:04 pm UTC

Polish cryptocurrency exchange Bitmarket has announced that it is ceasing its operations due to liquidity problems.

When accessed, the homepage for Bitmarket now displays the message:

“We regret to inform you about the loss of liquidity, since 08/07/2019, Bitmarket.pl/net was forced to cease its operations. We will inform you about further steps.”

In an online post on Reddit, a user with the name OdoBanks listed a few “red flags” that were seen in the last few weeks preceding the announcement. The user wrote that exchange users were forced to change their passwords, users’ API keys were changed, and some withdrawals were halted citing KYC requirements.

OdoBanks also said that the exchange has not responded to recent accusations that it was hacked.

Founded in 2014, Bitmarket was the second largest cryptocurrency exchange in Poland, FxStreet reported. Its trading data has not been updated on CoinMarketCap for the past 10 hours, according to CoinDesk.

Recently, another Polish cryptocurrency exchange Coinroom was reported to have disappeared with customers’ funds. In an update on its website, it has stated that it will file for bankruptcy as soon as possible.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $10,378.20 (-1.11%)
  • Ethereum (ETH) $218.79 (-2.51%)
  • XRP (XRP) $0.316000 (-2.28%)
  • Litecoin (LTC) $95.86 (-4.45%)
  • Bitcoin Cash (BCH) $299.14 (-4.99%)
  • Bitcoin (BTC) $10,378.20 (-1.11%)
Jul 19, 2019 (Friday)
11:17
Crypto Technicals: XRP/USD grinds lower along 200H SMA, break below 5-DMA to see further weakness
11:12
Binance Jersey announces listing of GBP-backed stablecoin ‘BGBP’
10:32
Rape and sexual harassment case against bitcoin developer blows up
10:15
New Jersey accuses blockchain firm Pocketinns of selling $410K unregistered securities
09:59
Crypto Technicals: LTC/USD struggles at 110-EMA, bias bearish
09:58
Blockchain firm Algorand joins International Swaps and Derivatives Association
09:22
Neo, Ontology partner to develop blockchain interoperability protocol
07:35
Consumer advocates call on Libra partners to withdraw collectively from Facebook's crypto project
07:31
Apple's Steve Wozniak invests in blockchain-based energy efficiency firm 'Efforce' in Malta
07:28
Cryptocurrency exchange ErisX joins U.S. Chamber of Digital Commerce
07:26
LibertyX exceeds 1,000 bitcoin ATMs in the U.S. via new partnership
06:59
Blockchain interest dropping, DLT in trouble?
06:37
Waves founder launches Waves Enterprise to develop corporate blockchain solutions
06:03
IRS goes after cryptocurrency users misreporting transactions
05:05
Facebook's Libra, other cryptocurrencies pose risk of global economic destabilization: G7
04:42
Anchorage receives charter to open crypto custody shop in South Dakota
04:27
Bank of Thailand's DLT-focused Project Inthanon advances to Phase III
Jul 18, 2019 (Thursday)
11:52
MOBI launches first vehicle identity standard on blockchain
11:49
FATF approves Japan’s plan to establish global network for crypto payments: Report
11:13
Crypto Technicals: ETH/EUR downside pauses shy of 200-DMA, bullish divergence on intrday charts keeps scope for upside
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft