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07:07 11.07.2019
2019-07-11
Neironix
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BitMarket Closed Because Of Liquidity Loss

The largest Polish BitMarket cryptocurrency exchange announced the official website closure because of the loss of liquidity on the 8th of July.

When users tried to get on the platform, they faced the following statement in different languages:

Dear users, we regret to inform you that due to the loss of liquidity Bitmarket.pl/net was forced to stop its activity since 08/07/2019. We will inform you about further action.

Today, OdoBanks, a Reddit user, noted that the exchange showed some red flags a couple of weeks before closing. It's also known that the users were asked to change passwords from their personal profiles and API keys without any explanation.

OdoBanks also reports that some people's efforts to get money from their accounts were stopped as a result of the exchange, requiring users to comply with KYC additional security measures. They had to scan an identity document again, take a photo of the face with a note that the client used BitMaker to get money. Moreover, the message should contain the following:

..exchange representatives claimed that this was an old requirement, and they [representatives] are aimed only at people with expired identity cards. They never responded to the users' accusations in concealing the facts of hacking…

It's not quite clear yet, why one of the most famous cryptocurrency exchanges in Poland, which appeared on the market in 2014, was closed. The popularity of the service was mostly a result of the fiat currency and margin trading support. According to Neironix, trading volume was $850,000 on the last day of the exchange.

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