POLL: How to Deal with Stolen BTC on Poloniex - page 4.

prisma

newbie

Activity: 52

Merit: 0

Quote

#1, Plus Return all balances and tax BTC withdrawals by percentage of funds still missing

That's pretty dangerous. People will sell BTC and transfer Altcoin away without loss. The BTC will stay of course, but you harm also future BTC withdrawals (f .ex. for new members and later trades). I'm afraid it will lead to a huge drop in Volume = Trade Fees.

busoni

sr. member

Activity: 364

Merit: 250

Owner of Poloniex

Quote from: EventualCoinMillionaire on March 04, 2014, 05:58:52 PM

Quote from: CommonThinker on March 04, 2014, 05:51:24 PM

You're passing on the risk to us if we choose to withdraw, which is fine.

Are you saying that if you open withdrawals, that the bug is still there? And what if the hacker is just waiting for you to do that?

The bug can no longer be used to withdraw due to hot fixes. The bug will be squashed entirely via a functionality redesign in a few hours.

roncutt

member

Activity: 61

Merit: 10

The poll is a great idea!
I've already placed mine.

Kudos,

Ron.

EventualCoinMillionaire

member

Activity: 83

Merit: 10

Quote from: CommonThinker on March 04, 2014, 05:51:24 PM

You're passing on the risk to us if we choose to withdraw, which is fine.

Are you saying that if you open withdrawals, that the bug is still there? And what if the hacker is just waiting for you to do that?

zonkul

member

Activity: 72

Merit: 10

I would really like to be able to withdraw the coins now - there is money to be made. I don't care about the 12,3% - You are honest, which is really a trait now in these days. Take the missing balance off, and let us trade and withdraw as normal. If You are able to pay over time - fine. If not - I'm sure that we all traders know the risk of loosing our BTC - both in trades that are bad as well as theft and other issues. That is the part of the game. 12,3% is just one good trade done as profit and one bad trade as loss. I would gladly accept the shares as compensation, since I really admire Your work and like the exchange a lot.

vertoe

hero member

Activity: 518

Merit: 505

Sell shares until you can refund the full btc amount.

CommonThinker

newbie

Activity: 14

Merit: 0

I think you should just open up the withdrawls. You're passing on the risk to us if we choose to withdraw, which is fine. A lot of us are losing quite a bit of money in this standstill as multiple coins are moving a LOT, and I know a lot of us would like to be able to withdraw right now instead of sitting with our thumbs up our asses as we watch the market sway back and forth on other exchanges.

busoni

sr. member

Activity: 364

Merit: 250

Owner of Poloniex

I'm ready to resume functionality so that people can withdraw. Before I do, I wanted to make sure people wouldn't prefer a different option for recovering funds, namely #3. The reason why this might be desirable is that it allows for everyone to have all of their balances right away. People who want their funds quickly can covert to an altcoin and withdraw the altcoin. This would have a side effect of pumping altcoins and probably increasing trading volume, which would bring in more exchange fees to cover the debt.

Hot fixes are in place and withdrawals are safe now. As soon as withdrawals are opened, I will start right away on converting withdrawal queuing to a sequential method. This may take a few hours--please post below if you would prefer I do this before opening withdrawals.

(Sorry I didn't post the message on the Balances page until so late . . . been working hard to sort out the mess and get withdrawals going as quickly as possible.)

I have decided NOT to raise exchange fees, as that is essentially making the users pay for this out of pocket.

Topic: POLL: How to Deal with Stolen BTC on Poloniex - page 4. (Read 8884 times)