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Author: Admin | 2025-04-28
In 2019, taking more than a million PLN in users' money with them.(5) The only contact from the operators of Coinroom came in the form of an email. This email notified users that the exchange would be closing the next day, and anyone who didn't claim their funds before then would lose them. To claim, users had to get in touch directly with the administrators. This was all framed as being a standard part of the agreement that all users had accepted on signup. The next day, the exchange did indeed shutdown, and any users who hadn't gone through the process outlined in the email lost their funds. What happened to BitMarket? BitMarket was the other major Polish crypto exchange to shut up shop in 2019, although this happened in a decidedly nastier fashion that Coinroom. Visitors to BitMarket's site found the following message: “Dear Users, We regret to inform you that due to the loss of liquidity, since 08/07/2019, Bitmarket.pl/net was forced to cease its operations. We will inform you about further steps.” Over 400 users of BitMarkets lost nearly 2300 BTC, worth about $23 million at the time. The operators of BitMarket at the time - Tobiasz Niemiro and Marcin Aszkiełowicz - had taken it over in 2015, when the exchange had an outstanding deficit of over 600 BTC. Earlier that year, it had been temporarily shutdown by a Polish bank for its apparent insolvency. This is disputed by BitMarket's original founder, Michał Pleban . Whatever the facts surrounding the transfer of ownership in 2015, the story of BitMarket came to a sad end in July 2019. Three weeks after the exchange's closure, Tobiasz Niemiro was found dead in a forest. Article Sources BuyBitcoinWorldWide writers are subject-matter experts and base their articles on firsthand information, like interviews with experts, white papers or original studies and experience. We also use trusted research and studies from other well-known sources. You can learn more about our editorial guidelines. Wikipedia - Poland, https://en.wikipedia.org/wiki/Poland Polish Financial Supervision Authority - Warning about fraudsters claiming to hold KNF authorization to engage in cryptocurrency exchange, https://www.knf.gov.pl/en/news?articleId=71711&p_id=19 Quartz - As bitcoin booms, so does bitcoin bank robbery, https://qz.com/150946/as-bitcoin-booms-so-does-bitcoin-bank-robbery Australian Broadcasting Corporation - Bitcoin crypto-mining operation uncovered at Polish police headquarters, https://www.abc.net.au/news/2021-07-31/crypto-mining-operation-uncovered-polish-police-hq/100339522 CoinDesk - Polish Cryptocurrency Exchange Shuts Down Overnight, Taking Funds With It, https://www.coindesk.com/polish-cryptocurrency-exchange-shuts-down-overnight-taking-funds-with-it
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