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Topic: Polo is insolvent (spidey senses tell me so) (Read 1224 times)

full member
Activity: 602
Merit: 144
Chainjoes.com
August 03, 2017, 04:53:46 PM
#33
Just leave poloniex for ever and came to bittrex.
legendary
Activity: 1008
Merit: 1000
Polo is either insolvent or the IRS is behind their back right now, the resolved will not be the same Polo again. I will not leave any of my coin in there for safety precaution, I rather be safe then sorry.
legendary
Activity: 2730
Merit: 1288
Reason Why.

Polo is not playing with the BCH.  Literally costing them $1Ms per day in fees.
Also they froze the LTC wallets.  Steemians always bitch about withdraws.
Loads of other wallets are 'in maintenance'.

The whitefish is a bit stinky!

Another reason is they might have deposited (your) BTC on Bittrex and Bitfinex to corner the market and make a killing.

I HAVE NO EVIDENCE ... but I have a strong opinion based on observation.

All this FUD started after last delisting. Few rich pumpers decided to take grudge to Poloniex since was transparent and did not alert them in advance to dump their shitcoins.  Now we see similar posts as your almost daily. With zero reasonable reasons or proofs. All that happened in last 3 montsh from delisting was that Poloniex volume and users trippled and more.
full member
Activity: 616
Merit: 112
It’s easy to confuse what is with what ought to be
So my comment is not about Polo and potential insolvency, but I noticed yesterday afternoon that their site was "down" or the home page was not rendering, anyway.  Any official reason that they gave for that?  
full member
Activity: 224
Merit: 100
8 hours since I made my withdrawal. still pending



How big a withdrawal you making!!?  You talking big $$ or small tokens!!  I have a bunch of tokens but not worth that much on polo!!  I'm thinking I should withdraw soon!!
hero member
Activity: 1098
Merit: 500
8 hours since I made my withdrawal. still pending
hero member
Activity: 779
Merit: 502
I never believed any of the FUD against cryptsy. Which turned out to be facts...

We should learn that every exchange might fail at any time. I would have withdrew my funds if ihad any on poloniex.
legendary
Activity: 996
Merit: 1013

You gotta hand it to old Shelby, his spider-senses were
tingling allright 2 days ago
member
Activity: 60
Merit: 10
After the BTC-E incident this is highly suspicious. Feels like the US are cracking down hard right now on crypto. Damn u Trump! Roll Eyes
hero member
Activity: 1098
Merit: 500
whenever I try to make a withdrawal now. It gets stuck on pending. Even after I have confirmed it by email.

I think lots of people are withdrawing their coins at the moment because of Poloniex lack of communication about what's going on. So be patient.
I withdraw nearly all my coins a few hours ago. Some withdrawals took a long time (between pending and complete) and others took 5 minutes.
still waiting.  Cry
legendary
Activity: 1540
Merit: 1011
FUD Philanthropist™
Just busy as usual..
Like this forum as usual.. laggy as fuck.
This place is often like dial up 56k modem shit.

Too many pajeets in the street with their pants down.
sr. member
Activity: 490
Merit: 250
whenever I try to make a withdrawal now. It gets stuck on pending. Even after I have confirmed it by email.

I think lots of people are withdrawing their coins at the moment because of Poloniex lack of communication about what's going on. So be patient.
I withdraw nearly all my coins a few hours ago. Some withdrawals took a long time (between pending and complete) and others took 5 minutes.
i have a eth transaction that in polo looks complete but no trace of it in the blockchain...lost in limbo Smiley
sr. member
Activity: 675
Merit: 254
So far so good
whenever I try to make a withdrawal now. It gets stuck on pending. Even after I have confirmed it by email.

I think lots of people are withdrawing their coins at the moment because of Poloniex lack of communication about what's going on. So be patient.
I withdraw nearly all my coins a few hours ago. Some withdrawals took a long time (between pending and complete) and others took 5 minutes.
hero member
Activity: 1098
Merit: 500
whenever I try to make a withdrawal now. It gets stuck on pending. Even after I have confirmed it by email.
full member
Activity: 129
Merit: 100
I have literally had 10's of thousands of dollars in withdrawals locked up for weeks at that shit site, GET OUT WHILE YOU STILL CAN.
jr. member
Activity: 59
Merit: 10
Reason Why.

Polo is not playing with the BCH.  Literally costing them $1Ms per day in fees.


I didn't understand this issue properly. Could you please explain better what it is happening to this regard? You mean fees that they don't earn or what? So why would they not play?
Most exchanges that support bitcoincash automatically gave there customers their coins if they were holding bitcoin on the exchange. Polo issued a no class action lawsuit change in their tos and keep all the customer's bitcoin cash. As polo has ownership of any coins you deposit until you withdraw them. So they made millions. Yet again stealing from customers.At the same time making a class action suit impossible. So every individual would need to pay substantial lawyer fees and would lose anyway.

 Updating their TOS after the fact doesn't really look to good on their part and I'm sure it wouldn't hold up in court
sr. member
Activity: 537
Merit: 259
If poloniex really did exchange Bch of users , this means they made millions of dollars from users bitcoins and protected themselves by changing TOS, but it still just a hypothesis.
member
Activity: 71
Merit: 10
Man I hope not, pretty soon there will be no viable exchanges left!!

Don't worry, the bad ones have to go, and new ones will be launched.

I hope Poloniex is gone soon, it's a very bad exchange
legendary
Activity: 1386
Merit: 1020
DGbet.fun - Crypto Sportsbook
Reason Why.

Polo is not playing with the BCH.  Literally costing them $1Ms per day in fees.


I didn't understand this issue properly. Could you please explain better what it is happening to this regard? You mean fees that they don't earn or what? So why would they not play?
Most exchanges that support bitcoincash automatically gave there customers their coins if they were holding bitcoin on the exchange. Polo issued a no class action lawsuit change in their tos and keep all the customer's bitcoin cash. As polo has ownership of any coins you deposit until you withdraw them. So they made millions. Yet again stealing from customers.At the same time making a class action suit impossible. So every individual would need to pay substantial lawyer fees and would lose anyway.
Just like on other services which didnt support Bch then they would probably generate millions of money since they do keep them since their users couldnt able to get it since its not being supported which means its our responsibility to read up the things before the split if a certain exchange would support bch or not because if they dont then its the time to switch or transfer those bitcoin on other wallet. If you didnt able to get out those bitcoins then its your own fault. I dont have idea if polo did support bch or not. Didnt seek such information.
newbie
Activity: 37
Merit: 0
Man I hope not, pretty soon there will be no viable exchanges left!!
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