Tag: Insolvency

Poloniex Owners Making a Bank Run, Says 4Chaner

There have been a few fake posts in the world of Bitcoin and cryptocurrency recently. Things need to be taken with many grains of salt, especially when it comes to news originating from 4Chan. One recent post on the site claimed that the Poloniex exchange was on the brink of insolvency. There is no real evidence to back up such a claim, but it is still worth looking into regardless. The Poloniex Insolvency Hoax Is …
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Technical Maintenance By BTC-E Causes Unjustified Panic Among Bitcoin Users

The BTC-E exchange has been down earlier today due to scheduled maintenance. As is usually the case when this happens, there is a lot of confusion and panic over what is going on. Many people assumed there was a security breach, but that does not appear to be the case. No funds are stolen, and everything should be working as normal once again. BTC-E Maintenance Was Scheduled Well Ahead of …
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Bitfinex Will Recoup Its Losses By Taking Money Out of Customer Balances

The saga of the Bitfinex hack is far from over by the look of things. A new update provided by the company hints at how all of the exchange’s users will be sharing in the losses suffered. With US$65m being stolen, this seems a very strange approach by the company, to say the least. It also raises more questions regarding their solvency as a result of this hack. Unaffected Users …
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