Bitcoin Forum

Google Poloniex lawsuit. Tons of insider trading, bots, other unfair practices. They're robbing us blind. Remember there are no regulations on these exchanges, so ignore this warning at your own risk. 

Decentralized exchanges are the solution.

Poloniex has too much influence on the value of altcoins. First they list coins, then pump them. After they dump coins, then delist them.

Plus they get attacked anytime coins pump too hard.

But every user already agreed with the risk. There is no regulation on polo, and insurance to give a guarantee for the users.
If you play on polo it seems like you're playing in the grey area. Too many unfair practices in polo. The possibility of polo will be turned to the scam site is always be there. This time all of the transaction gets blocked by him.
His DDOS looks very odd in my mind. We are doing a trade at our own risk.

One thing more, they are taking weeks and weeks to give Level 2 verification so you are stuck with them, worse than banks. i am expecting mtgox like story from them...

Sorry all you polo haters but i kinda like them. They seem competent at the technology side of things and provide a valuable service to the community, even if it does pay them well :)

After all, how many of these outfits have bit the dust in the last few years, often taking your coin with them ?

Although Poloniex did experience a hack in March 2014, they reimbursed customers' money lost in the hack. http://www.coindesk.com/poloniex-claims-customers-repaid-following-march-bitcoin-hack/
https://www.reddit.com/r/ethtrader/comments/4wzdwi/poloniex_hack_does_anyone_remember/

I fully respect Poloniex for this.  It certainly isn't the act of a "scam" site.  

Yes, I've read about some people finding the site freezes every now and then but I expect this is due to site overload at extremely busy times, or as I've just read a DDoS attack, rather than any malicous intent by Poloniex, and hope Polo can implement fixes to minimise or eliminate such freezes.

poloniex not extreme youre write, because added coin to poloniex is very dificult
maybe youre write is same in yobit, in there is easy added coin, after listing, pump and dump until one satoshi and without pending order buy again

I like polo for the trollbox. I don't trade there tho.

I'm not worried as it looks like BigVern is going to lend his expertise in helping them work it out!


~BCX~


https://s21.postimg.org/dife4wzyf/Polo.png

Agree poloniex is still a great site considering the high fees and all problems you encounter in verification,buying and selling coins we know that poloniex is consistently paying these days and i dont really get a problem maybe a little bit of laggy and some errors. Poloniex is really affecting the value of the altcoins we need to decentralized but we can still use poloniex and we know and they have good service.

Poloniex has the volumes. Unless you have a credible alternative and enough people migrate, poloniex is going to dictate rules and we have no choice but to follow them.
Decentralized exchanges have not really taken off until now.

Poloniex haters a simply a bunch of losers that had their first taste of how day trading is a losing proposition.  The trick is getting out before the dump.  Suddenly these idiots have found out how hard that is.  News Flash: When everyone else is dumping their shit coins, access to the system bogs down in order to do the same.  Let me guess what happened.  
     1. Joe Schmuck is in some shit coin scam like stellar or ripple.  
     2. Bottom begins to drop out.  
     3.  Joe tries to sell but with everyone else hitting poloniex it takes longer than normal as price falls.  
     4.  Joe chases the falling price until a sale order finally goes through.  
     5.  Woops, now there's a dead cat bounce and Joe's FOMO kicks in and he buys back in.  
     6.  Look out below, by the time he and everyone else realize it's a dead cat bounce, everyone begins chasing the fall again losing even more money.

That's not a problem with the trading platform, that's how being on the shitty end of day trading works.  Sucks to be you.

It will be nice that instead of just your word you offered proof or evidence about it if you have any, in this forum without that no one will take you very seriously, besides it is not like you need to open an account with them you could always use another exchange or forget about trading.

I am more afraid with Polo's stability it had some issue and all the alt dropped. When they delist a coin and if you are lucky and don't hold any amount of it you can buy the decent ones really cheap

Can't claim they are just scam but they are actually making millions out of traders pocket during so called DDOS attack whenever there is big movements on market. Also they have listed Gnosis out of nowhere and i think they are one of the investors behind that project.

I don't know what you are talking about. I didn't agree to any of this risk. I trusted them, and rightly so. I like what they provide, but LOTS of problems the last several weeks, and especially the last few days.

Poloniex is an American company, located in Wilmington, DE, and expressly regulated by the CFTC. They have been very vocal about being regulated by it.

That is not to say that magic curing of everyone's Polo issues will happen by tomorrow, but the company is UStateside, and regulated to some degree, and that is good for Americans, at least. (World Citizens from other countries, I speak not against you!!)

Guys, check your Polo accounts now. My huge 3-day-old FLDC deposit is finally posting.

Insider trading is definitely going to be a big problem with poloniex and I do think that at least some of their employees have at least taken advantage because they are the ones that gets notified, whether they have a bad intent or not, which coins will be listed and which ones will be delisted soon, because they are the ones carrying out the actual procedure.

And obviously when poloniex lists a coin, the coin absolutely skyrockets. When it is delisted, then they go down in value as if the developer suddenly died. They just have a lot of influence over the altcoin market in general.


Great :)

Interesting.

Vern's on the case guys relax & stay calm !

Polo ? Insider trading ? manipulation ? yeah probably.. what's new ?
I bet they all do though..  :o

@Spoetnik

The sad part is that 95% of these newbie Alt Experts haven't been around here long enough to even know who BigVern is LOL



~BCX~

You did agree to the risk newbie.  Read the Poloniex terms of service.  Chock this up as a lesson in how the real world works.  I'm sure mommy and daddy will replace the birthday money you lost.  (...fucking millennials)

nikkisnowell,

Idiot 1. I'm older than you by 2 days.
Idiot 2. The terms don't specify what you are trying to infer.
Idiot 3. What you are inferring doesn't apply to me.
and #4. I have no parents

But go ahead and have fun proving any of what I said wrong.

Then I'll say: Good Show, NIKKI !!!! Do you feel better?

Yup.. which is why none of these guys commented after you i think.

I went to Polo yesterday to see how it was going and i was surprised to see the chat box busy.
It was as busy as when the 2013 crowd rolled in (early 2014'ish i think) and were on it.
I said something and it was almost scrolled right off the page instantly.
It was not like that for a long time though.

I also don't think 90% of the users on Polo knew who i was either.
Not that i blame them much.. i had not been over there for a year or two roughly.

It's irritating seeing such broken English in crypto too.
They say "exchanger" all the time which agitates the shit out of me  >:(
Lots of noobs i guess.. but if they don't know about history then they are doomed to repeat it.

oh and.. https://twitter.com/cryptsy?lang=en

People are talking about problems in withdrawal and account verification. Nobody is talking about the price that coins trade at.
If people were worried about the price and volatility, they shouldn't be in crypto.  :)

Luckily those that have some sort of education with real investments have better strategies than that and never chase it down. To sum it up, big green candle = sell. Big red candle = buy.

You either take their word for it or don't.
Do you think they would deliberately lock out users to screw with markets ?
Such as turning it off and claiming their was a DDOS ?
I suspected Cryptsy of pulling shit like that and i have seen exchanges do it in fact.
Is Polo ?
I can't be sure..

I lean a little to them being over loaded lately though.
And trust me i have not been much of a fan of the Exchange either.
I am not afraid to criticize them  8)

But i took a trip over there the other day and i was shocked at how busy it's become now a days.
So the idea they got DDOS'd is not all that far fetched.
And it does happen too.

They also had MOD's on chat dealing with non stop support issues.
So.. i suspect they are genuinely VERY busy.

Seriously, BigVern? Might as well bring in Josh Garza while they're at it.

This is not good for Polo,Big Vern burned so many of us...

i am worried about this issue too. although my holdings there are just lunch money compared to others here. i saw it happen 2 times when the alts crashed and i was of course waiting to buy the dip and everytime i cannot place an order and it was always DDoS attack at the right time. i saw it twice on the same day. im sure it happened a lot more when im not trading

I took all my BTC out of this site. They are criminals.

People lose 1000's of dollars.

They keep getting new members while their servers can not handle the traffic at all. For hours a day you can not buy or sell.

Ddos is bullshit.

Mods are idiots there.

There are certainly bad things behind the scenes, but if this is happening to Poloniex, things should be much worse with other exchanges.

hope new coinigy and bittrex 2.0 exchange coming out fast and let pololagscam lose the strength on altcoins markets.
ripple and stellar ddos attack are fake. dao and other grey move from polo. last week moved out all my coin from polo. to much red flag for keep coin

today read
https://steemit.com/scam/@skyefox/poloniex-even-more-advanced-scam-than-cryptsy

This, their platform is very user friendly. If however allegations about insider trading and whatnot are true then obviously I will dump them, however I don't believe these allegations and there isn't any proof of it.

Lol , now I am really worried. Wtf!

Waves DEX is improving by the day. Polo is not.
DEX is transparent. Polo is not.
DEX is coming, Polo is leaving.

//2 satoshi

A site that with the volume of transactions that poloniex is having cannot but have some deficiciencies and even some law suits against them but the issue is that even with the myriad of court cases against them is not a confirmation that they are guilty without the proclamation of a court of competent jurisdiction and if their activities is not OK with me, I believe I am at liberty to try other exchange sites that meets my need.

It's hard to trust waves when all they've ever done it shitpost all over this forum. That would be like me seeing a nonsense post from a Yoshit signature campaigner and thinking it's a good idea to go and trade altcoins there. HINT: It's not.

I have withdrawals awaiting approval from over 72 hours ago. No response from support team. Will go out of my way to not use polo in the future - this is very annoying. They've got about 5 BTC worth of coins that I can't seem to move

Be careful , I am waiting 1 month , no answer, no Bitcoin, only awaiting approval. They have stolen my money.

COMPLAIN ABOUT POLONIEX HERE: This will put end to their sometimes questionable practices.
BBB website: https://www.bbb.org/consumer-complaints/file-a-complaint/get-started
If that does not help and IF there is actual fraud being committed...complain here: http://attorneygeneral.delaware.gov/fraud/

Also PLEASE spread this information, post it to all forums you can find, so that we can put a stop to this craziness.

Thanks for the link given for such complaints those sites are also good but we should not come to that point since poloniex doesnt really have a big issue after all.If they are running all the money then thats the time we do make some help from organizations or  case investigators. As of now poloniex is really experiencing problems.Im not residing on poloniex part but its already too deep to consider.

It could also be a good idea to report Poloniex to the Federal Trade Commission
 
https://www.consumer.ftc.gov/media/video-0054-how-file-complaint

BBB website: https://www.bbb.org/consumer-complaints/file-a-complaint/get-started
If that does not help and IF there is actual fraud being committed...complain here: http://attorneygeneral.delaware.gov/fraud/

Also PLEASE spread this information, post it to all forums you can find, so that we can put a stop to this craziness.

and let's do this with any other company who rips us off... In most western countries there are BBB and gov offices that take our complaints seriously.
India, China, Hong Kong, Russia etc. do not bother to complain :)

post this info to all forums that you visit..

Fuck Polo. I want to see them fully audited. Too much scammy shit going on. Like the last BTC rise - it's obvious they suspended all trading and sold off all their alts fucking everyone over, blaming DDos.

Oh, and my last withdrawal literally took more than 2 weeks.

ok great.. let us know what happens..

I just filed a complaint with the BBB and FTC. Everyone who's sick of their bullshit should do the same.

let us know what happens and spread this information to every forum you visit... we must put these rip off companies back in line.. they ruin this whole business of trading coins... they scare people away.. and we need new people and money into this so that value of coins go up..

I don't understand why you're all complaining.

Never had a problem with them. Any withdrawal is done in a few minutes - hours. Tickets are answered in a couple of days at max. Good support, good site... Poor servers though, hard to trade in a fast pace.

But if you're not a crazy guy who wants to update everything every 5 seconds the site is pretty cool. What are you expecting from them?

Withdrawals seem fine, the lag is awful on mobile but ok on desktop (no idea why that is. Just keep refreshing on mobile and it'll work eventually). I don't think they're going to scam us but who knows.

That's why I transfered all my funds to bittrex. bittrex has a faster ui even though poloniex is much user friendly on mobile. I preffer to secure my funds on bittrex than in poloniex.

Ahh no need to complain against Polo, they are working just fine :)

Bittrex is fine but only because they're so small ^^

Of course it's more secure and more smooth. But that's because the exchange is not used as much as polo.
I got an account on both and I find it much easier to trade on polo because there is much more activity and volume.

Ok , after 1 month I have back my BTC.

I hope all goes well for you in polo
but i have problem there my STR withdrawal status processing until now (  46 days )

https://s7.postimg.org/ch1x5afkr/wd_processing_polo46.png

and no support response  :'(

Ok , after 1 month I have back my BTC.

It is the fastest and safest way today. Diverting our funds from poloiex to bittrex is the right choice. Bittrex up to now still gives the trust and credibility of the exchange. Maybe we should hold back to trade in poloniex. We should try to switch to trading in bittrex until the poloniex back to normal as early.

Waiting for 1 month thats a long enough.
What problems are you experiencing there, have you made a support ticket in the trollbox and are there any responses from them?

waiting 4 days for my deposit from ethermine and polo dont reply and dont give my stolen money, thats is what i call "SCAM"

COMPLAIN ABOUT POLONIEX HERE: This will put the end to their questionable practices.
BBB website: https://www.bbb.org/consumer-complaints/file-a-complaint/get-started
If that does not help and IF there is actual fraud being committed...complain here: http://attorneygeneral.delaware.gov/fraud/
It could be also a good idea to report Poloniex to the Federal Trade Commission
https://www.consumer.ftc.gov/media/video-0054-how-file-complaint

Spread this information to all forums you visit. If ENOUGH of us complain they will do something about it.

18 days since polo stole 1.83 bitcoin from my wallet and dont answer my tickets

Waiting about 2 weeks my coins....
No answer on support.
No info about problems with wallets.
Fucking ex.

my withdrawal is awaiting approval for few days

I have Level 2 Verification an 2FA...still Awaiting Approval 3 weeks

couldnt agree more. i have been making several attempts to contact someone because my withdrawal has been 'Awaiting Approval' for 7 days now. I haven't heard a word from these guys. after searching online, i'm finding that this is a pretty standard issue so i'm going to file with the BBB and upload the detail where Poloniex promises to automatically approve by 24 hours...

still waiting for my missing money, i had a reply from someone from polo saturday after exactly one month after stealing my money , they told me they were gonna pass to an agent to look for missing funds. It takes 2 mnin to see its them who took it ,so again i have no news after another 4 days , its actually crazy the number of opportunity they make me miss , money i lost , even if they refund wich at this point im not sure cause they should have did it in the 24 hours after seeing my ticket but they didnt . Im proposing to eveyone on evry place theyre are compaint if people are interested in starting a major lawsuit against poloniex for all our losses, if your interested leave a comment and if enough people are in , well start another new thread and will look to hire a lion attorney to make them pay

I still worry for those who have invested and traded so much on poloniex. I am really not sure whether it is a glitch or an outright manipulation. Anyway, the more people experiencing this the more Poloniex needs to be careful. It can't probably survive a suit.

Anyone have any support email from poloniex?
I sent ETH to an ETC address.
I create a ticket for this reason and i have not resonse since 4 days.
Regards
Christian

There are a lot of people with deposit and withdrawal issues. Check out their Twitter feed:

https://twitter.com/Poloniex/status/872296670586916865

I have been waiting 63 days now for someone to look at my deposit issue. Still no help

everyone take youre funds of the exchange, i just did a complaint to the sec and tomorrow ill do FBI, you should all complaint if you got stolen funds from them; as for the others you should wake up, this will close them for sure ; so take your funds while you can , look at my video for proof, its the post before

heres link for FBI complaint    https://www.ic3.gov/complaint/splash.aspx?


https://youtu.be/otdc-AvV1OY

read description to understand video

I hope I did not get rob

be careful I don't know what going on but my withdrawal been stuck for a while now



Awaiting Approval   LTC   14.27407411
2017-07-21 13:56:58
Address: LaSFzjL8FwBka95GLC41XrvaLYJxH9ibcq