Poloniex Fractional Reserve Bankrupt

[somacoin]

If you havent heard it had you hear it here first

Poloniex, same fate as Cryptsy

3 Phases

1. Customer Lock-out Phase
    No support answers, withdrawals pending for months

2. Customer Asset Freeze
    All Customer assets are frozen and can not be withdrawn

3. Exchange closed
    Poloniex shuts down, funds are in limbo

[CryptoBagHolder]

Is there any truth to this!!?

[sylance]

Where did you see that their fractional reserve is bankrupt?  I just did a search and I found several opinion pieces but nothing other than blog posts.  This stuff makes me crazy because it spreads fear so fast.

[Pfizer]

Where did you see that their fractional reserve is bankrupt?  I just did a search and I found several opinion pieces but nothing other than blog posts.  This stuff makes me crazy because it spreads fear so fast.

I couldn't find official news for this, but how about my litecoin withdrawals are pending for 1 week? I didn't receive those litecoins and they are not in my poloniex account as well. Their suport never answers the tickets, I tried it several times.

Poloniex is a scam and they stole my money clearly. I lived the same story in ethereum 3 weeks ago, I've withdrawn ethereum and I never get them. They disappeared!

I think it would be the best lesson for the scammer owners to get arrested by FBI. Hopefully some American users already contacted with the police.

[Bes19]

Is this for real? I still have clams, LSK and Doge on my poloniex account. This is the first time that i've heard about this. I hope this is not true coz i spent a lot on Doge and Clams and i haven't withdraw it yet.

[YYmeans]

I turned to Bittrex for months as polo did not add hottest new coins I like at that time. I have to say , polo's service is becoming worse and worse.
I suggest you guys leave polo for your assets's security.

[Tipstar]

This is not the first time Poloniex behaved like this.
They do have a poor support that's why they are loosing their users.
But they are still the largest traders and working.
Give them time, I do believe they have learned from the previous failed exchanges.

[kodtycoon]

I'm not shocked by this information, I have long since left the poloniex before I get into trouble with poloniex, because I'm sure the poloniex management is not good anymore.

[sylance]

I'm spread across Poloniex, Bittrex, and Bitfinex.  I love my Bitfinex experience but I recently purchased Gunthar's automated trading bot, Gunbot, and it only supports Bittrex, Poloniex, and Kraken.  I've never had any issues with Poloniex but I'll probably slowly move my coin to Bittrex.

[Spoetnik]

Is there any truth to this!!?

Check out the service discussion section where this topic will eventually end up.
Maybe even the scam section.

[yonghongtang]

If you havent heard it had you hear it here first

Poloniex, same fate as Cryptsy

3 Phases

1. Customer Lock-out Phase
    No support answers, withdrawals pending for months

2. Customer Asset Freeze
    All Customer assets are frozen and can not be withdrawn

3. Exchange closed
    Poloniex shuts down, funds are in limbo

I use polo for years, it has become a giant in exchanges.I also met withdrawl issue, took me too much times to solve it.I am considering changing another exchange which has better service.

[Chyton]

Well I've used polo since 2015, frankly I've never ran into any trouble and even I did some stupid things like using polo as my wallet (I know I shouldn't use any exchange as a wallet) but I've never encountered any problems with withdrawals or deposits.

[illinest]

Well I've used polo since 2015, frankly I've never ran into any trouble and even I did some stupid things like using polo as my wallet (I know I shouldn't use any exchange as a wallet) but I've never encountered any problems with withdrawals or deposits.

There are many users who report the same as you. However, I'm inclined to take the endless mountain of complaints I see on here, Twitter and Reddit seriously. The Poloniex subreddit is terrifying. Reading the front page (all recent) should send anyone running away from there as quickly as possible.

All of their posts on Twitter have hundreds of complaints in reply. I have personal friends with withdrawals that have been stuck for weeks. This has been going on since May, so it's nothing new. And I fear it will only get worse.

If I still had funds on there, I would lowering my exposure.

[_MrTuyul404]

Yeah, I do not understand why when many people flocked to join in poloniex and trading there, but they make all this difficult. Should they provide better service than this, because I think they have enough money to fix all the services
If this continued, maybe poloniex scam will actually happen 

[covfefe_]

Every exchanges have issues. Poloniex being the largest have larger number of issues.
That's why user should not stuck all their trading funds to one exchange or coin.

[Haik]

I have mined ETH for about 1 month and poloniex still not transferred my ethers to my balance.

[speakoo]

If you havent heard it had you hear it here first

Poloniex, same fate as Cryptsy

3 Phases

1. Customer Lock-out Phase
    No support answers, withdrawals pending for months

2. Customer Asset Freeze
    All Customer assets are frozen and can not be withdrawn

3. Exchange closed
    Poloniex shuts down, funds are in limbo

We'd better withdrawl all of our coins from poloniex when it is available . Look at these top exchanges, Mtgox,mintpal, cryptsy, will poloniex be the same ? Who knows.

[tokeweed]

Is there any truth to this!!?

Check out the service discussion section where this topic will eventually end up.
Maybe even the scam section.

Yup.  Lot's of angry users out there at Polo.  You really have to question why they turned their troll box off.  That's the first sign of shadiness for me.  I was lucky enough to get some XMR out of there months ago without any problems.

Exit scam coming?

[hugoworld]

 I heard that some of the user's money are pending to withdraw but My money was not pended . When I try to withdraw money, It was realized in a short time. In this crypto world, everything can happen at the end of the day.

[Vaypah]

I really hope this isn't true, ive still got about $4000 USD of coins in my Poloniex account since I cant be bothered having desktop wallets for these obscure coins.