ThorChain suspends withdrawals!

8 days ago

Liquidity issues

ThorChain is popular platform that has been used a lot for lending and borrowing. But as of today withdrawals from the platform have been suspended. Because of serious liquidity problems on the lending platform.

ThorChain gives itself 90 days to get through this crisis and resolve the liquidity issues.

All quite worrying stuff for people that have funds on the chain, but on the other hand, they are very open about the issues and have a plan to resolve them. So, I see things getting better quite fast!

But never forget, your crypto is never safe on an exchange or other platforms! Not your keys, not your coins!

Sincerely,

Pele23

Posted Using INLEO

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7 comments

@revolverocelotyt 59

8 days ago

How can they improve their liquidity issues? Maybe by investing more in computing power for mining? sorry am new to all of this please guide me.

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@pele23 74

8 days ago

By accepting deposits but holding withdrawals, if you want to put it simply

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@lasseehlers -12

7 days ago

thats crazy

Posted using LasseCash

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@hivebuzz 74

8 days ago

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