Exchanges, lending platforms, mining pools, all third party custody….. Not your keys, not your coins.

They have large exposure to ETH mining, 11% of the hashrate afaik. And that is going poof overnight in a few days I imagine that doesn't help. As a side note mining pools seem to come and go in bitcoin although the market seems more established lately. But who remembers btc guild and gigahash.io

Why would somebody even join a mining pool without setting up auto-withdrawals? Lack of education? You would expect that somebody that put enough money to buy a bunch of ASICs also put some time to understand what they are mining. This is very strange.

i think this probably hinges on the fact that they are an FPPS pool

my condolences to all those with their money stuck in a pool server

The link to Poolin's blog post:

Announcement on settlement adjustment and ZERO fee promo https://help.poolin.me/hc/en-us/articles/10207618877977-Announcement-on-settlement-adjustment-and-ZERO-fee-promo

And here's an article on CoinDesk:

Poolin, One of the Largest Bitcoin Mining Pools, Suspends Withdrawals From Wallet Service https://www.coindesk.com/business/2022/09/05/poolin-one-of-the-largest-bitcoin-mining-pools-suspends-withdrawals-from-wallet-service https://archive.ph/6rEei

And here's a Tweet that kicks off a good thread on this:

https://twitter.com/ethan_vera/status/1566842431651315712 https://nitter.it/ethan_vera/status/1566842431651315712 <-- Shows the thread in a single, easy-to-read, web page