Bitcoin Forum

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 mess with Polo is a FUD, i dont really think it is going to be a scam like btc-e.
In the twitter fanpage they said it is a maintenance problem, then that it was a DDoS attac  :-\
I hope it is not gonna be scam, because i have a good money on it!!
By the way, you can login and everything is good, only that it is slow

If they are losing so much money from not having BCH then they must be making an awful lot and not insolvent.
Most of their coins are in cold storage so unlikely to be missing.

If coins were moved it would be visible on the blockchains.

I withdrew about $25,000 of coins a few hours ago myself, so I don't see any problem apart from increasing pressure from the regulator, and continuing problems with enormous traffic on their site

The poll lacks a 'Maybe' option.

Anyway all your reasons for thinking Polo is insolvent doesn't really justify your hypothesis.  Exchanges like Bitstamp are also not having Bcash available for trading, so are they insolvent too?

Their wallets are in maintenance because their fixing a withdrawal bug that's been going on.  Finally!


That's stupid.  If they really did, someone would have already noticed.

And no, how strong your opinion is would depend on the evidence.  You have none.

Tons of people are complaining about deposits not being credited. They just today updated their tos so that a class action lawsuit will not be allowed. If you continue using polo and your funds come up missing, you better have enough money to fight them in court. Thier are already class action suits started against polo. This is clear proof polo can not be trusted. I Read everyday people losing thousands from varies reasons. I Deposited etc 4 weeks ago. Have written customer support every week and still have not received a response. When I was using polo I would constantly get errors when trying to purchased btc with usdt. Saying I did not have enough usdt despite the fact I did. Then after the price went up it would work flawlessly. During the ripple launch i was able to buy but and sell order just timed out.

They are holding millions if not billions of btc. They have the private keys and yes they received bch for all the bitcoin their users have deposited. That is how the fork worked. Whoever holds the private key can use the same key on a bch wallet to claim thier bch. Whrn a user deposits btc on polo it becomes polo legal property. The use is essential provided an iou.

Well, if by chance they WERE insolvent I guess that now, by cashing out all the BCCs generated by the BTCs of their clients, they probably are NOT any more :)

2 major exchanges with issues in so little time... it makes me wonder ???

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?

is someone here success log in to polo exchange?i try to log in twice and failed today

I have managed to log in today and I have also managed to withdraw most of my coins. Feeling a bit safer now. However a friend of mine has had some ETHs lost in limbo already for a few days...

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.

you did have enought time to withdraw your bitcoin before split,didn`t you?

Man I hope not, pretty soon there will be no viable exchanges left!!

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.

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

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.

 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

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.

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 :)

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.

still waiting.  :'(

After the BTC-E incident this is highly suspicious. Feels like the US are cracking down hard right now on crypto. Damn u Trump! ::)

You gotta hand it to old Shelby, his spider-senses were
tingling allright 2 days ago
http://i63.tinypic.com/2wrgapy.png

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.

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!!

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?  

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.

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.

Just leave poloniex for ever and came to bittrex.