Polo is insolvent (spidey senses tell me so)

[four3200]

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.

[shursight]

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

[adhitthana]

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.

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

[tokeweed]

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.

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!

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.

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.

[stoniestfool]

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.

[stoniestfool]

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.

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!

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.

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.

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.

[JesusCryptos]

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

[zuzuca]

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

[JesusCryptos]

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?

[mimictic]

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

[JesusCryptos]

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...

[stoniestfool]

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.

[mimictic]

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.

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

[Cryptiko]

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

[Zadicar]

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.

[Iris Linus]

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

[alt213]

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.

[MysticOne]

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

[John Titor]

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.

[Sumo]

whenever I try to make a withdrawal now. It gets stuck on pending. Even after I have confirmed it by email.