I'm not withdrawing bitcoins it's just litecoins, now my litecoins are being held hostage, the price is dumping, i'm losing money.
They certainly scammed me.
Topic: Large number of Poloniex members can not withdraw funds. - page 3. (Read 4652 times)
i don't think it is either "Exit scam" or because of "DDoS"!
it is possible that their issue with processing bitcoin withdrawals comes from the fact that many people invest a small amount of bitcoin about a month or two ago and then with all these pumps that has been happening during this time, they all doubled, tripled, 10x-ed their investment and now that pumps are nearing the end they are withdrawing a much larger amount of bitcoin.
optimistic thinking would be, they need to go to their cold storages to pay out.
p.s. it is no longer a coincidence that whenever Ethereum is dumped hard they claim they are under DDoS attack.
it is possible that their issue with processing bitcoin withdrawals comes from the fact that many people invest a small amount of bitcoin about a month or two ago and then with all these pumps that has been happening during this time, they all doubled, tripled, 10x-ed their investment and now that pumps are nearing the end they are withdrawing a much larger amount of bitcoin.
optimistic thinking would be, they need to go to their cold storages to pay out.
p.s. it is no longer a coincidence that whenever Ethereum is dumped hard they claim they are under DDoS attack.
There have been DDOS attacks as well as sometimes they have an issue with their wallet which can delay payouts. These are all technical issues though and I don't think they are planning any sort of exit scam. They make enough off trading fees to stick around.
There is updating from poloniex about the DDOS issue on there, Coins are safe. We should be back up in about 15 minutes.
i don't think it will be scam service because, still there are informations about the service and all of coins are safe,
so take in easy gives them time to fix everything.
i don't think it will be scam service because, still there are informations about the service and all of coins are safe,
so take in easy gives them time to fix everything.
My question is why do more people NOT use a more decentralized exchange such as BitShares? Liquidity has come a LONG way since it began years ago...
I withdrew just now, all working fine for me.
With the explosion in alts I'm not surprised polo infrastructure might be creaking a little, but USA based legal exchange is some comfort.
With the explosion in alts I'm not surprised polo infrastructure might be creaking a little, but USA based legal exchange is some comfort.
Thx for the warning ill check that out.
Initial Post:
There have been (the past days) an increasing number of reports of users (including myself) that Withdrawals are stuck in "Awaiting Approval" for days, and they're not getting out.
https://bitcointalk.org/index.php?topic=1893008.60
https://bitcointalksearch.org/topic/poloniex-no-withdrawals-take-care-1907457
https://bitcointalksearch.org/topic/poloniex-awaiting-approval-withdrawals-1907678
https://bitcointalksearch.org/topic/--1834015
Withdrawals are taking 3-4-5+ days and not getting out of "Awaiting Approval"
I myself think I lost around 1 BTC, which is all the money I had invested in crypto. Big dreams for a lot of people. Down the drain.
Over 28 hours and no response from support.
All the moderators ever say is "Contact support we can't help you". "Stay calm your withdrawals will get processed and it may take up to 24 hours".
Now they're under a "presumed" DDoS, this is just ridiculous.
The same "The coins are safe" announcements from twitter. But they're not addressing the withdrawal issue
Later Edit:
After 38 hours the funds were released to my litecoin account on BTC-E. I was planning to sell them at a higher price (0.0185 BTC). I have lost over 30% of all my money due to litecoin going down and I meant to sell it but they were stuck on this god awful exchange. Basically last 3 days of hard work trading went down the drain because of one exchange. When my LTC got to BTC-E, they were worth (0.0145 BTC)
Why do they need this security measure? If someone hacks into my polo account it's my fault for not securing it well enough.
No exchange should hold my coins hostage, totally not ok. Especially since they do not tell you about this issue from before:
They should have a big FYI on their page kind of like this:
Warning, your withdrawals might take more than 30 hours to a few days to process if you:
- Have not enabled 2FA
- Recently changed your IP
- etc.
There have been (the past days) an increasing number of reports of users (including myself) that Withdrawals are stuck in "Awaiting Approval" for days, and they're not getting out.
https://bitcointalk.org/index.php?topic=1893008.60
https://bitcointalksearch.org/topic/poloniex-no-withdrawals-take-care-1907457
https://bitcointalksearch.org/topic/poloniex-awaiting-approval-withdrawals-1907678
https://bitcointalksearch.org/topic/--1834015
Withdrawals are taking 3-4-5+ days and not getting out of "Awaiting Approval"
I myself think I lost around 1 BTC, which is all the money I had invested in crypto. Big dreams for a lot of people. Down the drain.
Over 28 hours and no response from support.
All the moderators ever say is "Contact support we can't help you". "Stay calm your withdrawals will get processed and it may take up to 24 hours".
Now they're under a "presumed" DDoS, this is just ridiculous.
The same "The coins are safe" announcements from twitter. But they're not addressing the withdrawal issue
Later Edit:
After 38 hours the funds were released to my litecoin account on BTC-E. I was planning to sell them at a higher price (0.0185 BTC). I have lost over 30% of all my money due to litecoin going down and I meant to sell it but they were stuck on this god awful exchange. Basically last 3 days of hard work trading went down the drain because of one exchange. When my LTC got to BTC-E, they were worth (0.0145 BTC)
Why do they need this security measure? If someone hacks into my polo account it's my fault for not securing it well enough.
No exchange should hold my coins hostage, totally not ok. Especially since they do not tell you about this issue from before:
They should have a big FYI on their page kind of like this:
Warning, your withdrawals might take more than 30 hours to a few days to process if you:
- Have not enabled 2FA
- Recently changed your IP
- etc.
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