Polish Crypto Exchange ‘Loses Liquidity’ to Shut Shop Unexpectedly

Bitmarket, a Polish cryptocurrency exchange which started operating in 2014 has stopped operations without warning, citing ‘loss of liquidity’ as the reason for its shutdown.

In a statement posted on its official website, the platform declined to provide any further information, including what is likely to happen to funds trapped in user exchange wallets.

The short statement posted early this morning simply reads:

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

The statement, which does not give a defined date or period for users to expect an update, or indeed any reason for the sudden “loss of liquidity” is noticeably vague, and has expectedly sent users into a state of panic.

Already, multiple accusations and conspiracy theories are already making their way around the internet, with reddit users alleging that the exchange has been showing signs of such an impending action for weeks, without confirming to users what was actually going on.

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#Cryptocurrencies #Exchanges #Poland

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