'Announcement on settlement adjustment and ZERO fee promo', Poolin.Poolin said in their announcement that they would announce their plans to resume withdrawals within two weeks. Poolin users had been complaining about issues withdrawing from their Poolin wallets since at least August, which had sparked rumors of liquidity problems prior to the announcement. But please be assured, all user assets are safe and the company's net worth is positive.' The firm also urged users to ignore rumors of a rug pull. In the announcement they wrote that 'Poolin Wallet is currently facing some liquidity problems due to recent increasing demands on withdrawals. PoolinWallet is a crypto wallet service provided by Poolin, which runs the fourth-largest Bitcoin mining pool and third-largest Ethereum mining pool in the world. 'Investors fear millions lost in Pennsylvania’s largest cryptocurrency scandal based in South Philly', The Philadelphia Inquirer.

The Delaware lawsuit describes the operation as a Ponzi scheme, and alleges that the company sold packages that would have required far more computing power than the company actually had access to. The company has faced lawsuits in Washington state and Delaware, and apparently operated for two years after executives had acknowledged they were violating securities laws. On July 15, the company promised to refund customers what they paid to sign up with the program, but no refunds or further updates have materialized. On June 27, the group sent an email to its customers explaining that there was a 'potential pending settlement' with the SEC-the first customers heard of the existence of any investigation-and that they would no longer serve customers in the U.S. A COO hired by the group left the company only three weeks later. However, customers trying to withdraw their 'rewards' saw increasing delays in receiving their payouts-days, then weeks, then an indefinite pause. Much of the group's operations relied on a system of 'affiliates' bringing in more investors-a sort of suspicious triangular-shaped scheme-and executives and top-performing affiliates enjoyed lavish rewards including expensive wines, six-figure sports cars, and fancy vacations. Paul’s subreddit called r/Ice_Poseidon was quarantined in 2019 and subsequently banned.The Philadelphia Inquirer published a report on VBit Technologies, later Advanced Mining Group, a company that promised investors to buy and operate Bitcoin miners on their behalf and pay them out the returns. His audience is known for attacking other streamers, being racist and harassing content creators.

His community has a large branch on Discord and Reddit where they are known as “Purple Army”. Ice Poseidon’s fanbase and audience is considered by many to be the most edgy and toxic of all streamers. Also, his Twitch audience migrated from Twitch to YouTube in a short time. One of his most famous collaborators was Matthew “Mizkif” Rinaudo, his cameraman. He continued to live stream IRL content with other fellow creators. The incident was reported by a number of news outlets because the false bomb threat was made in Paul’s name.Īfter his Twitch ban, Ice Poseidon moved to YouTube. As a result, he was knocked down on American Airlines Flight 458. When he boarded a flight in Phoenix, Arizona, he was sedated by some viewers and his location was made public. In April 2017, Paul was permanently banned from Twitch. As for his streaming career, he is known for being involved in a lot of controversy and drama. Paul started his live streaming career in 2015, but went mainstream and peaked in 2017. I’ll be streaming it on YouTube, and the 24/7 behind-the-scenes camera will be streaming on Mixer. We will try to hit as many countries as possible in that time frame. On September 9, I’m going on a 3 weeks road trip through Europe with some good people. As a closing note, he stated that any CXCoin holder can sell their tokens if they wish. According to him, it is very misleading to say that he has “swindled” and “stolen” his audience’s money. He went on to state that he made $300,000 and that it was not by scamming and defrauding people. He stated that he was not advertising the CXCoin to his usual audience, but he intended to advertise this to those people who are already in the cryptocurrency space and who knew about crypto in general. When CoffeeZilla asked him what he planned to do with the money he made from his followers, Ice said he would invest the money he earned back into crypto.Īfter the video gained popularity, Paul turned to Twitter by posting a Twitlonger on his main account. You know, I uh… I don’t know what else to say.

It’s in my power, but I’m going to take care of myself and not do that. “I mean, I’m not exactly sure what you want me to say, but yeah. Paul was asked by CoffeeZilla whether he would return the investors’ money as it was in his power.

Ice poseidon twitter