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Poloniex Records Brief Downtime As Bitcoin Moves Closer To $20K

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The price of Bitcoin has been moving the right way as the king coin has been pushing past its previously made records. Poloniex, and Coinbase instead of aiding the growth of the coin, have been making its users miss out on the action. While the crypto community was seen recovering from Coinbase’s recent outrage, it was once again struck by Poloniex’s “unexpected issue.”

Poloniex Goes Offline

Bitcoin surprised an array of people by moving past $18K in the last few days. While several continue to speculate the movement of Bitcoin, Poloniex revealed that it had experienced a problem that was rather unexpected. In a recent tweet, the cryptocurrency exchange announced that it had to go offline. The tweet read,

“Poloniex is currently unavailable due to an unexpected issue. We are investigating the issue and will keep you updated here throughout. Thank you for your patience”

This was further followed by an array of tweets regarding the matter. The exchange asserted that the crypto platform was out of maintenance mode. However, there was a temporary ban on withdrawals and the spot as well as margin markets were in post-only mode. This was re-enabled after a while. The futures contract trading on Poloniex was also enabled once again.

The crypto exchange also figured that certain users had mistakenly received BCH from the exchange. This was also taken note of by the exchange and affirmed that the funds of the users were safe during the course of the maintenance.

Bitcoin Moves Ahead Despite Poloniex Outrage

At the time of writing, Bitcoin was seen trading at $18,669.02 with a 3.29% rise over the last 24-hours. The king coin was garnered profits up to 16% in the last seven days while its market cap was reaching new heights.

Poloniex

In the daily chart of Bitcoin, the key indicators suggested that the king coin was in for an uphill journey. The MACD indicator had prolonged its bullish crossover as the signal line reposed below the MACD line. The Relative Strength Index indicator [RSI] also revealed that BTC was in the overbought zone with its marker way above 70 median.

Poloniex Exchange is Under Threat of Email Leak

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Looks like Poloniex crypto exchange is suffering data breach as the exchange recently requested its users to reset their password and account security.

Poloniex Confirms Data Leak

Tweeting on December 30, a Twitter account dubbed “Charly” posted a screenshot of an email purportedly received from Poloniex crypto exchange. Charly notes it as “scam email” to which Poloniex crypto exchange replied by confirming “this is a real email”. The message mentioned in screenshot reads as;

A couple of hours ago we discovered that someone leaked a list of email addresses and passwords on Twitter, claiming the information could be used to log in to Poloniex accounts. While almost all of the email addresses listed do not belong to Poloniex accounts, we are forcing a password reset on any email addresses listed that do have an account with us including yours.

What suggested as a scam email quickly turned out to be true following Poloniex’s customer support response. Notably, the exchange confirmed that the email was indeed real and requested users to reset their password for account security.

At the moment, it is unclear the amount of data leaked on Twitter, in fact, additional information about who leaked the data and when it was leaked remained hidden. More so, what causes the breach of email data is still unclear.

The exchange captured mainstream bulletins when the Tron boss “Justin Sun” reportedly invested in Poloniex. Furthermore, the investment made in a wake of exchange parted away from the crypto conglomerate Circle. The exchange has a quite dull remark in the crypto industry when hackers breached the servers of Poloniex.

The update comes in a wake of Justin Sun’s new acquisition of DLive, a blockchain-based live streaming platform. Following the acquisition, DLive will work together with the BitTorrent “to bring blockchain-based peer-to-peer content sharing including live streaming, to everyone”. DLive exists in the blockchain ecosystem since 2018 and surged in popularity when a YouTube star PewDiePie signed a deal with DLive.