Renowned Poland based cryptocurrency exchange namely ‘Bitmarket’ has just shut down its operations, without any official warning.
“We regret to tell you that due to the loss of liquidity, [from] 08/07/2019, Bitmarket.pl/net was forced to stop all its operations. We will further inform you regarding additional steps.”
However, it’s not specifically clear for now that what caused the “loss of liquidity,” a Reddit post revealed that the exchange had been exhibiting odd behavior for the earlier few weeks before the announcement of this closure.
A Redditor with the username OdoBanks ‘added‘ that “red flags” enclosed users being forced to change their passwords without providing any clear information and withdrawals halted over uncommon additional KYC [Know-Your-Customer] procedures.
The firm had conjointly not also responded to the claims of any earlier hacks, aforesaid within the post.
However, any further information regarding the existing users funds is yet not clear for now.