Topic: [ANN][EXCHANGE] Poloniex - Crypto Exchange with BTC/NXT - page 52. (Read 272454 times)
Here's a detailed review of changes in T&cs, there's more than just paragraph 23:
https://www.diffchecker.com/DeFrE1Ys
Reddit discussion: https://www.reddit.com/r/btc/comments/6qv7mf/poloniex_chooses_today_of_all_days_to_update/
Quote
ALERT:We have made updates to the Poloniex Terms of Use. These changes are effective immediately and apply to all Poloniex users. We encourage you to review our Terms and familiarize yourself with the changes that have been made. If you do not agree to any of these changes, you may contact support and request an account closure.
anybody know what changed? they don't seem to say what changed.. just that something changed.
Not sure, but the description at the top says:
Quote
THESE TERMS OF USE CONTAIN A BINDING ARBITRATION CLAUSE AND CLASS ACTION WAIVER THAT IMPACT YOUR RIGHTS ABOUT HOW TO RESOLVE DISPUTES. PLEASE READ IT CAREFULLY.
So it could be the para 23:
Quote
23. ARBITRATION
PLEASE READ THIS SECTION CAREFULLY – IT MAY SIGNIFICANTLY AFFECT YOUR LEGAL RIGHTS, INCLUDING YOUR RIGHT TO FILE A LAWSUIT IN COURT AND TO HAVE A JURY HEAR YOUR CLAIMS.
To expedite and control the cost of disputes, you and we agree that any legal or equitable claim arising out of or relating to your use of the Services or these Terms, including the formation, validity, enforceability, scope, or applicability of these Terms, including this Section 23 (referred to as a “Claim”) will be resolved as follows: except for claims for injunctive or equitable relief or claims regarding intellectual property rights (which may be brought in any competent court without the posting of a bond), any dispute arising under your use of the Services shall be finally settled on an individual basis through confidential, binding arbitration in accordance with the American Arbitration Association's rules for arbitration of consumer-related disputes, available at www.adr.org or by calling 1-800-778-7879, and you and Poloniex hereby expressly waive trial by jury. This means that all claims other than intellectual property lawsuits, such as copyright or trademark infringement lawsuits, or claims seeking non-monetary relief would be subject to binding arbitration. This includes claims which may pre-date this agreement. The arbitration shall take place in Boston, Massachusetts, in the English language and the arbitral decision may be enforced in any court. At your request, hearings may be conducted in person or by telephone and the arbitrator may provide for submitting and determining motions on briefs, without oral hearings. Payment of all filing, administration and arbitrator fees will be governed by the AAA’s rules. The prevailing party in any action or proceeding to enforce this agreement shall be entitled to costs and attorneys' fees.
To begin an arbitration proceeding, you must send a letter by mail requesting arbitration and describing your claim to our counsel:
Poloniex, Inc. c/o Cooley LLP
500 Boylston St
Boston, MA 02116
Attn: Poloniex Arbitration Requests
ADDITIONALLY, YOU HEREBY WAIVE YOUR RIGHT TO PARTICIPATE IN A CLASS ACTION LAWSUIT OR CLASS-WIDE ARBITRATION. We each agree that any dispute resolution proceedings will be conducted only on an individual basis and not in a class, consolidated or representative action. If for any reason a claim proceeds in court rather than in arbitration, we each waive any right to a jury trial. If a court or federal regulator with oversight over Poloniex decides that applicable law precludes enforcement of any of this section’s limitations as to a particular claim for relief, then that claim (and only that claim) must be severed from the arbitration and may be brought in court, subject to your and Poloniex's right to appeal the court's decision. All other claims will be arbitrated.
https://poloniex.com/terms/PLEASE READ THIS SECTION CAREFULLY – IT MAY SIGNIFICANTLY AFFECT YOUR LEGAL RIGHTS, INCLUDING YOUR RIGHT TO FILE A LAWSUIT IN COURT AND TO HAVE A JURY HEAR YOUR CLAIMS.
To expedite and control the cost of disputes, you and we agree that any legal or equitable claim arising out of or relating to your use of the Services or these Terms, including the formation, validity, enforceability, scope, or applicability of these Terms, including this Section 23 (referred to as a “Claim”) will be resolved as follows: except for claims for injunctive or equitable relief or claims regarding intellectual property rights (which may be brought in any competent court without the posting of a bond), any dispute arising under your use of the Services shall be finally settled on an individual basis through confidential, binding arbitration in accordance with the American Arbitration Association's rules for arbitration of consumer-related disputes, available at www.adr.org or by calling 1-800-778-7879, and you and Poloniex hereby expressly waive trial by jury. This means that all claims other than intellectual property lawsuits, such as copyright or trademark infringement lawsuits, or claims seeking non-monetary relief would be subject to binding arbitration. This includes claims which may pre-date this agreement. The arbitration shall take place in Boston, Massachusetts, in the English language and the arbitral decision may be enforced in any court. At your request, hearings may be conducted in person or by telephone and the arbitrator may provide for submitting and determining motions on briefs, without oral hearings. Payment of all filing, administration and arbitrator fees will be governed by the AAA’s rules. The prevailing party in any action or proceeding to enforce this agreement shall be entitled to costs and attorneys' fees.
To begin an arbitration proceeding, you must send a letter by mail requesting arbitration and describing your claim to our counsel:
Poloniex, Inc. c/o Cooley LLP
500 Boylston St
Boston, MA 02116
Attn: Poloniex Arbitration Requests
ADDITIONALLY, YOU HEREBY WAIVE YOUR RIGHT TO PARTICIPATE IN A CLASS ACTION LAWSUIT OR CLASS-WIDE ARBITRATION. We each agree that any dispute resolution proceedings will be conducted only on an individual basis and not in a class, consolidated or representative action. If for any reason a claim proceeds in court rather than in arbitration, we each waive any right to a jury trial. If a court or federal regulator with oversight over Poloniex decides that applicable law precludes enforcement of any of this section’s limitations as to a particular claim for relief, then that claim (and only that claim) must be severed from the arbitration and may be brought in court, subject to your and Poloniex's right to appeal the court's decision. All other claims will be arbitrated.
This looks sketchy as hell, but to my understanding, it's a rather standard clause. The question is why would they add such clause now, seems bit odd that they would decide to tidy-up the T&C wording for no real reason, especially when they got shortage of resources and backlog of outstanding tickets.
They're prob scared to get their asses sued after they steal all our bitcoin cashes and/or gox us.
Poloniex may not support BCC, and may not credit users with BTC with BCC. The only reason for this would be that they do not have the actual BTC 100% of the users. Scary isn't it ? When the tide goes out you see who is swimming naked.
Why the only reason ?
The simplest possible reason is that they don't believe in the shitcoin BCC and don't want to spend scarce resources in implementing it. Will people get upset if they've lost out on a coin that is worth nothing ?
Well they will receive it themselves and profit off of it so yes very shady.
Poloniex response after reported 3 months ago... 
Dear xxx,
Sincerest apologies for the late response and delay on this. Your ticket will receive an attention soon and the withdrawal will be processed and broadcast. I'm sorry for the inconveniences. Please feel free to contact us in the event of any other issues and we shall do our best to respond back as soon as possible.
Sincerely,
Poloniex Support Team
Ticket: https://poloniex.freshdesk.com/helpdesk/tickets/136589
Dear xxx,
Sincerest apologies for the late response and delay on this. Your ticket will receive an attention soon and the withdrawal will be processed and broadcast. I'm sorry for the inconveniences. Please feel free to contact us in the event of any other issues and we shall do our best to respond back as soon as possible.
Sincerely,
Poloniex Support Team
Ticket: https://poloniex.freshdesk.com/helpdesk/tickets/136589
I'm suprised if they get any new members with all of these issues. How can they be trusted if they don't do automatic withdrawals and take months to respond.
Decentralized exchanges are the future. BLOCKNET will take over
Quote
ALERT:We have made updates to the Poloniex Terms of Use. These changes are effective immediately and apply to all Poloniex users. We encourage you to review our Terms and familiarize yourself with the changes that have been made. If you do not agree to any of these changes, you may contact support and request an account closure.
anybody know what changed? they don't seem to say what changed.. just that something changed.
Not sure, but the description at the top says:
Quote
THESE TERMS OF USE CONTAIN A BINDING ARBITRATION CLAUSE AND CLASS ACTION WAIVER THAT IMPACT YOUR RIGHTS ABOUT HOW TO RESOLVE DISPUTES. PLEASE READ IT CAREFULLY.
So it could be the para 23:
Quote
23. ARBITRATION
PLEASE READ THIS SECTION CAREFULLY – IT MAY SIGNIFICANTLY AFFECT YOUR LEGAL RIGHTS, INCLUDING YOUR RIGHT TO FILE A LAWSUIT IN COURT AND TO HAVE A JURY HEAR YOUR CLAIMS.
To expedite and control the cost of disputes, you and we agree that any legal or equitable claim arising out of or relating to your use of the Services or these Terms, including the formation, validity, enforceability, scope, or applicability of these Terms, including this Section 23 (referred to as a “Claim”) will be resolved as follows: except for claims for injunctive or equitable relief or claims regarding intellectual property rights (which may be brought in any competent court without the posting of a bond), any dispute arising under your use of the Services shall be finally settled on an individual basis through confidential, binding arbitration in accordance with the American Arbitration Association's rules for arbitration of consumer-related disputes, available at www.adr.org or by calling 1-800-778-7879, and you and Poloniex hereby expressly waive trial by jury. This means that all claims other than intellectual property lawsuits, such as copyright or trademark infringement lawsuits, or claims seeking non-monetary relief would be subject to binding arbitration. This includes claims which may pre-date this agreement. The arbitration shall take place in Boston, Massachusetts, in the English language and the arbitral decision may be enforced in any court. At your request, hearings may be conducted in person or by telephone and the arbitrator may provide for submitting and determining motions on briefs, without oral hearings. Payment of all filing, administration and arbitrator fees will be governed by the AAA’s rules. The prevailing party in any action or proceeding to enforce this agreement shall be entitled to costs and attorneys' fees.
To begin an arbitration proceeding, you must send a letter by mail requesting arbitration and describing your claim to our counsel:
Poloniex, Inc. c/o Cooley LLP
500 Boylston St
Boston, MA 02116
Attn: Poloniex Arbitration Requests
ADDITIONALLY, YOU HEREBY WAIVE YOUR RIGHT TO PARTICIPATE IN A CLASS ACTION LAWSUIT OR CLASS-WIDE ARBITRATION. We each agree that any dispute resolution proceedings will be conducted only on an individual basis and not in a class, consolidated or representative action. If for any reason a claim proceeds in court rather than in arbitration, we each waive any right to a jury trial. If a court or federal regulator with oversight over Poloniex decides that applicable law precludes enforcement of any of this section’s limitations as to a particular claim for relief, then that claim (and only that claim) must be severed from the arbitration and may be brought in court, subject to your and Poloniex's right to appeal the court's decision. All other claims will be arbitrated.
https://poloniex.com/terms/PLEASE READ THIS SECTION CAREFULLY – IT MAY SIGNIFICANTLY AFFECT YOUR LEGAL RIGHTS, INCLUDING YOUR RIGHT TO FILE A LAWSUIT IN COURT AND TO HAVE A JURY HEAR YOUR CLAIMS.
To expedite and control the cost of disputes, you and we agree that any legal or equitable claim arising out of or relating to your use of the Services or these Terms, including the formation, validity, enforceability, scope, or applicability of these Terms, including this Section 23 (referred to as a “Claim”) will be resolved as follows: except for claims for injunctive or equitable relief or claims regarding intellectual property rights (which may be brought in any competent court without the posting of a bond), any dispute arising under your use of the Services shall be finally settled on an individual basis through confidential, binding arbitration in accordance with the American Arbitration Association's rules for arbitration of consumer-related disputes, available at www.adr.org or by calling 1-800-778-7879, and you and Poloniex hereby expressly waive trial by jury. This means that all claims other than intellectual property lawsuits, such as copyright or trademark infringement lawsuits, or claims seeking non-monetary relief would be subject to binding arbitration. This includes claims which may pre-date this agreement. The arbitration shall take place in Boston, Massachusetts, in the English language and the arbitral decision may be enforced in any court. At your request, hearings may be conducted in person or by telephone and the arbitrator may provide for submitting and determining motions on briefs, without oral hearings. Payment of all filing, administration and arbitrator fees will be governed by the AAA’s rules. The prevailing party in any action or proceeding to enforce this agreement shall be entitled to costs and attorneys' fees.
To begin an arbitration proceeding, you must send a letter by mail requesting arbitration and describing your claim to our counsel:
Poloniex, Inc. c/o Cooley LLP
500 Boylston St
Boston, MA 02116
Attn: Poloniex Arbitration Requests
ADDITIONALLY, YOU HEREBY WAIVE YOUR RIGHT TO PARTICIPATE IN A CLASS ACTION LAWSUIT OR CLASS-WIDE ARBITRATION. We each agree that any dispute resolution proceedings will be conducted only on an individual basis and not in a class, consolidated or representative action. If for any reason a claim proceeds in court rather than in arbitration, we each waive any right to a jury trial. If a court or federal regulator with oversight over Poloniex decides that applicable law precludes enforcement of any of this section’s limitations as to a particular claim for relief, then that claim (and only that claim) must be severed from the arbitration and may be brought in court, subject to your and Poloniex's right to appeal the court's decision. All other claims will be arbitrated.
This looks sketchy as hell, but to my understanding, it's a rather standard clause. The question is why would they add such clause now, seems bit odd that they would decide to tidy-up the T&C wording for no real reason, especially when they got shortage of resources and backlog of outstanding tickets.
Quote
ALERT:We have made updates to the Poloniex Terms of Use. These changes are effective immediately and apply to all Poloniex users. We encourage you to review our Terms and familiarize yourself with the changes that have been made. If you do not agree to any of these changes, you may contact support and request an account closure.
anybody know what changed? they don't seem to say what changed.. just that something changed.
All my short term loans are closed. Only long term ones are open since they're not close to expiring.
Half an hour ago there was only 25BTC left on offer, now I just saw 1.2 BTC on offer !
Compared to thousands usually.
Half an hour ago there was only 25BTC left on offer, now I just saw 1.2 BTC on offer !
Compared to thousands usually.
My loans won't cancel, even though they are past their expiry date. Anyone else have this problem?
Are you sure it's not just a case of different time zone? Your local time could be different than the Polo's (date/time of when loan was provided is shown in their local time afaik).
Yes, I'm sure.
My loans won't cancel, even though they are past their expiry date. Anyone else have this problem?
Are you sure it's not just a case of different time zone? Your local time could be different than the Polo's (date/time of when loan was provided is shown in their local time afaik).
My loans won't cancel, even though they are past their expiry date. Anyone else have this problem?
Why the only reason ?
The simplest possible reason is that they don't believe in the shitcoin BCC and don't want to spend scarce resources in implementing it. Will people get upset if they've lost out on a coin that is worth nothing ?
I'd agree with the lack of human resources being the likely reason, but claim that Polo won't distribute BCC because they "don't believe in it" is idiotic. Polo would list any shitcoin that generates decent volume. Plus, whether they like it or not, they will have access to shitload of BCC, so it all boils down to whether they want to share with their customers or keep them for themselves. On top of that, they're already facing negative effects of massive funds outflow and I don't believe they would shot themselves in the foot like this just because they don't like BCC.
So the real reasons are either:
1- Internal mess, backlog in processing tickets, therefore no resources to execute distribution.
2- Insolvency.
3- Greed, they'd rather keep BCC for themselves (to dump them, or for speculative holding - to see how it all unfolds).
You need login credentials to see the linked ticket. Post a screenshot if you want to share.
After all the pending withdrawals issues posts, I was expecting the worst, but yesterday withdrew a little below $2k limit worth of BTC and all went nice and smooth.
Poloniex response after reported 3 months ago...
Dear xxx,
Sincerest apologies for the late response and delay on this. Your ticket will receive an attention soon and the withdrawal will be processed and broadcast. I'm sorry for the inconveniences. Please feel free to contact us in the event of any other issues and we shall do our best to respond back as soon as possible.
Sincerely,
Poloniex Support Team
Ticket: https://poloniex.freshdesk.com/helpdesk/tickets/136589
Dear xxx,
Sincerest apologies for the late response and delay on this. Your ticket will receive an attention soon and the withdrawal will be processed and broadcast. I'm sorry for the inconveniences. Please feel free to contact us in the event of any other issues and we shall do our best to respond back as soon as possible.
Sincerely,
Poloniex Support Team
Ticket: https://poloniex.freshdesk.com/helpdesk/tickets/136589
Poloniex may not support BCC, and may not credit users with BTC with BCC. The only reason for this would be that they do not have the actual BTC 100% of the users. Scary isn't it ? When the tide goes out you see who is swimming naked.
Why the only reason ?
The simplest possible reason is that they don't believe in the shitcoin BCC and don't want to spend scarce resources in implementing it. Will people get upset if they've lost out on a coin that is worth nothing ?
You might not want to reveal that info but those having "awaiting approval" issues, are you US citizens by any chance ?
any news about Aug 1 on poloniex?
when does poloniex close the door for withdrawal/deposit BTC related to this fork?
am I too late if I withdraw my btc today?
too many questions... I miss the trollbox
when does poloniex close the door for withdrawal/deposit BTC related to this fork?
am I too late if I withdraw my btc today?
too many questions... I miss the trollbox
Hey just wondering where the fck MY 10+ bitcoins are? Poloniex? Any idea what you did with my bitcoins? I attempted 4 withdrawals over the last 5 days and none have gone through. I would have just done 1 withdrawal but 3 months of trying to get level 3 verified yielded jack shit!
So what now? My 1st withdrawal was on the 23rd, then the 24th, 25th, and 26th. Every one of those attempted withdrawals says "awaiting approval". What kind of b.s. is that? It's been a whole freaking week since the 1st transaction and it's still waiting approval from someone!!! WHO? WHO needs to approve of my fcking withdrawal?
So basically Poloniex is stealing my Bitcoin Cash right??? RIGHT??? Just how low will Polo stoop? Give me my freaking bitcoins!!!!!
Heres the case number if u care....#348397
Brad
So what now? My 1st withdrawal was on the 23rd, then the 24th, 25th, and 26th. Every one of those attempted withdrawals says "awaiting approval". What kind of b.s. is that? It's been a whole freaking week since the 1st transaction and it's still waiting approval from someone!!! WHO? WHO needs to approve of my fcking withdrawal?
So basically Poloniex is stealing my Bitcoin Cash right??? RIGHT??? Just how low will Polo stoop? Give me my freaking bitcoins!!!!!
Heres the case number if u care....#348397
Brad
I find it suspicious that Poloniex has so many problems with coins being "under maintenance". These coins work just fine on my end.. I cannot believe so many people are still letting so many coins just hanging around on exchanges
Let's try to see in from a positive perspective, maybe they put a lot of coin on "under maintenance" status in order to stop the withdrawing flow so there wont be more withdrawal batch to come that will clog their line while they are trying to clear the ones on previous batch.
I find it suspicious that Poloniex has so many problems with coins being "under maintenance". These coins work just fine on my end.. I cannot believe so many people are still letting so many coins just hanging around on exchanges
Poloniex may not support BCC, and may not credit users with BTC with BCC. The only reason for this would be that they do not have the actual BTC 100% of the users. Scary isn't it ? When the tide goes out you see who is swimming naked.
Or they rather keep the BCC to themselves.
"We may or may not..." statement is an ugly trick. After Stellar airdrop fiasco, I sense they don't intend to distribute BCC at all, but don't want to admit it outright to prevent funds outflow.
Maybe they're indeed insolvent, or maybe they have some deep internal mess (shitload of outstanding tickets) and just try to avoid any additional work related to distribution.
I finally managed to withdraw my last funds from poloniex, which I have been doing for the past two months. A large portion of my funds were locked in long running lending contracts, so I had to wait for those... Actually all withdrawals have been mostly problem free, except for a small ETH withdrawal that took several days to clear, but it did eventually. Regardless, feels good not to have any funds on any exchange for peace of mind, especially taking into account the publicity around poloniex lately.
Has anyone been able to withdraw eth instantly from poloniex from the past few days? How long does it take? Just want to verify before making some trades.
My last ETH withdrawal took around 4 days and that too after numerous support ticket.
ETH withdrawal been too slow, better to take other route
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