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Poloniex Disables ETH, BNB and ERC-20 Wallets for Maintenance. Are Funds Safe?

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Tue, 23/02/2021 - 12:11
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Poloniex Disables ETH, BNB and ERC-20 Wallets for Maintenance. Are Funds Safe?
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While Bitcoin, Ethereum and other crypto markets are struggling to get out of the red zone, U.S.-based exchange Poloniex has temporarily stopped users from accessing their ETH and ERC-20 wallets and is performing maintenance.

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The same is true for BNB and BEP-2 wallets.

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Image via Twitter

The exchange has promised to enable wallets as soon as maintenance is complete.

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On Feb. 17, Poloniex faced a similar situation when trading and all other operations were halted as the exchange was in maintenance mode.

Back then, Poloniex faced an issue unexpectedly and started an investigation. The tech support team assured users that their funds were safe.

The results of the investigation were not announced. However, judging by its Twitter page, over the past few days, Poloniex has been disabling wallets with various crypto coins and then switching them back on.

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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