⛏️ Poolin Mining Pool Files Chapter 11 Bankruptcy After Historic Collapse

🔹 Singapore-based operator once controlled ~20% of global Bitcoin hashrate
🔹 Filed Chapter 11 in New Jersey with $173M debt vs $1-10M assets
🔹 $163.7M owed to wallet customers from 2022 withdrawal suspension
🔹 Asset sale process: $52M stalking-horse bid for Texas mining sites

Poolin shuttered operations July 10, 2026. China mining ban, crypto volatility, and wallet liquidity crisis drove downfall of former industry giant.

Liquidation plan targets substantial dividend to 25,000+ creditors! 💸

[CoinDesk] [Law360]

#PoolinBankruptcy #BitcoinMining #CryptoCollapse #Chapter11
@money 😍⭐💯