• Mon, 09 Dec 2019, 12:03 AM
  • All times are UTC
  • Edition:
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.
  • Bitcoin (BTC) $7,564.02 (+0.15%)
  • Ethereum (ETH) $151.42 (+1.71%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $214.18 (+0.69%)
  • Litecoin (LTC) $45.91 (+0.68%)
  • Bitcoin (BTC) $7,564.02 (+0.15%)
Dec 8, 2019 (Sunday)
Investment group acquires green light from the SEC for Bitcoin Futures fund
SEC taps British court to acquire deposition from former Telegram chief investment advisor
Dec 6, 2019 (Friday)
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
Crypto Technicals: LTC/USD extends sideways, finds strong support at 42.45 (Trendline)
South Korean consortium to provide blockchain-based ID services via mobile app in 2020
Crypto Technicals: BCH/USD intraday bias turns slightly bullish, scope for test of 20-DMA (220.99)
Bitfury launches enterprise blockchain platform ‘Exonum Enterprise’
CULedger reveals an EFT payment solution for credit unions in collaboration with R3, Luxoft
Reserve Bank of India governor against the development of private digital currencies
Ripple asks court to dismiss XRP securities lawsuit in latest filing ahead of court meeting
Crypto Technicals: ETH/USD struggles to extend recovery, finds stiff resistance at 200H MA at 149.77
Blockchain firm Figure Technologies hits $1.2B valuation after closing $103M Series C round
Blockchain firm ChromaWay acquires Antler Interactive after setting up its gaming arm Chroma Studios
Galaxy Digital-backed Flipside Crypto hires Accenture Managing Director Matt Bridges as COO
Crypto Technicals: BTC/USD rangebound in the Asian session, struggles at 200H MA
Canadian mining firm goes belly up; Owes local, federal government hundreds of thousands
New crypto derivatives trading platform Phemex can manage 300,000 TPS, says core developer
Microsoft creates blockchain-based incentive scheme with Enjin to recognize active members of Azure community
Dec 5, 2019 (Thursday)
Dunamu’s crypto subsidiary DXM partners with Ledger to launch custody service for institutional clients
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.