How badly will the death of Poloniex affect the scene?

[biggee]

As I'm sure any of you that trade on Poloniex will be aware, they have all but abandoned their customers over the past month or so.

Their Twitter is home to thousands of complaints of missing deposits, withdrawals that never arrive in the receiving account, locked accounts and zero customer support. They seem to be burying their heads in the sand and ignoring everybody.

They even disabled their trollbox, not due to "increased demand on support staff" as they claim, but as it was constantly full of people complaining about all of the above and the constant "freezes" which lost traders thousands of dollars and for which Poloniex were highly unsympathetic.

Many people, myself included, have removed all of their funds and are now trading elsewhere as it looks inevitable at the moment, that Poloniex is Mt.Gox part 2 just waiting to erupt.

We all know what happened last time around, but my question is just how much of an impact do you think the death of Poloniex would have on the markets generally, and more importantly, how long will it take to restore faith - if it ever comes back again?

It took years before, but this time around we have a lot of serious money invested from serious financial players. Will that money ever trust the crypto scene again if Poloniex was to vanish into thin air taking billions of dollars with it?

[Nooby-miner]

I have deposits that block chain shows poloinex received but not credited to me.
I wrote support on the 11th but they still have not even acknowlaged recipt of my ticket.
I tried to withdraw some coins 3 days ago and they blocked the withdrawal saying awaiting approval.
Again ive written support but nothing from them.
On monday im filing a criminal complaint, and reporting to Financial regulators.
Have a nice Fking monday poloinex.

[CrispyCrypto]

This seems very shocking, I have about a few hundred dollars in there. I am gonna pull it all out now lol.

[tomica]

They do have support active, but they are receiving atlest 1 ticket every 30 seconds or less. I have lost some money there too, but as I wrote them a ticket I have recieved answer in 13 minutes.

Dear T.... .....,

Your withdrawal is complete and has left Poloniex as shown on the block explorer.
http://gastracker.io/tx/0x7d52127072eaf8f431d7d6c46427f2898e56f422e6e3099aaf2262b206ff41a1
Have you send it to another site/exchange or a desktop wallet? If it is another site and you have not yet received it please contact their help desk and inform the transaction id.

If you sent this withdrawal to your desktop wallet and the coins have not yet credited to your wallet balance, please close the wallet, perform a backup of the wallet files and then re sync the block data.

Let me know how it goes.

Sincerely,
Poloniex Support Team

My answer was in next couple of minutes telling them that I have sent it from my Poloniex to friend's Poloniex account, and they stopped answering afterwards.

I have mined 1 ETC to my address and it passed, everything was ok.
After that ETC i have mined 1 ETH and it's stuck.

Earlier I was thinking that it can't happen to me, every transaction I read couple of times before sendig it, everything was ok last 2 years... It will not happen to me... Yeah right!
Keep your money away from Poloniex

[tayrey]

I don't think they will die in one go, it looks like they will experience a slow death instead with people moving more and more funds out of the exchange over time. What this means is the impact is likely to be minimal rather than a situation like gox which more or less went offline overnight.

[biggee]

I don't think they will die in one go, it looks like they will experience a slow death instead with people moving more and more funds out of the exchange over time. What this means is the impact is likely to be minimal rather than a situation like gox which more or less went offline overnight.

Apart from them fixing up and getting back on track this would be the best outcome.

Shocking how they've let something that was so great slide so badly though. You would think with the money they are earning every single day that they would be able to pay an army of support and tech staff to address issues.

Moving admins from their trollbox over to support, that still don't bother replying to anybody, isn't a sign of competent management.

[emsjvh]

i've forgotten about BC in Poloniex for a year, logged in and my balance was still there.


can't say I've ever been scammed by them.

they're a US company if im not mistaken so you can take em to small claims if anything.

have you guys opened a support case and posted it on their Facebook or social media?