Poloniex Preparing for an Exit Scam! DO _NOT_ SEND COINS THERE!

[nutildah]

I would imagine only a select few things are an issue in the exchange. Unless you've had experience with poloniex and having your currency withheld orbeing IP banned for no reason, or even having to make an unanswered ticket, then I can't imagine you would experience the ordeal others have. So it's your own risk regardless

Actually its their own risk since I plan on taking them to court. You obviously didn't read the comment where I said that I've conducted thousands of dollars of transactions with them over a period of almost 4 years now. But not anymore. I'm done using them, and if you had any brains you would be too.

[qiman]

I am really sorry for your loss. They are based in the U.S so a good idea is to send in a complaint scam report to the SEC and they might end up freezing POLONIEX but then it may take forever just to get a portion of your money back as the legal fees for taking POLONIEX to court will eat up most of the funds unfortunately. I do not have any other option for you but that sounds very bad indeed.

[nutildah]

I am really sorry for your loss. They are based in the U.S so a good idea is to send in a complaint scam report to the SEC and they might end up freezing POLONIEX but then it may take forever just to get a portion of your money back as the legal fees for taking POLONIEX to court will eat up most of the funds unfortunately. I do not have any other option for you but that sounds very bad indeed.

Frankly it would be worth shutting them down just so they can't screw future users.

Best of luck to all of you who have much more money trapped there than I do.

PS: Your sig ICO link sounds interesting. I never click sig links, but I imagine it will probably result in the creation of a legit exchange. Because if it wasn't, its owners will probably be sentenced to death

In some ways I wish the U.S. followed in Singapore and China's footsteps.

[unusualfacts30]

that sucks man. Keep your alts/bitcoins spread out on different exchange or better store them in your wallet. I haven't used polo in a very long time. I hope you get it back somehow. While we're at it I would also like to tell people that my alts were gone from hitbtc and they didn't reply to my email afterwards so don't use them either. Luckily it wasn't a big amount so I'm not worried about it.

[dissident]

I sold some Ardor, sent the bitcoin to cryptopia, about 4 hours ago. no issues. Cryptopia wasn't showing the bitcoin right away so I took a 4 hour nap, woke up, funds were there. My solution to this problem has been to simply not to try withdrawing altcoins unless the site seems to be issue free by doing a casual search.  Usually I have just kept the coins on the exchange and they're still around.  I make it a point to try to only withdraw bitcoin.

If you can avoid having to deal with customer service in the first place, that's the best way to go about it. Unfortunately for you you didn't.

I'm not saying you did anything wrong, but a lot of times when people have issues like this it's because they did something wrong, like in the case of NEM not copying and including the proper "message" when sending the coin, or filling out all the fields properly.  These mistakes can be easily avoided with a little care. They don't hold your hand in the crypto space so it's important to take every precaution.

The main disadvantage of Poloniex is they're riding on their success, not actively improving. Their withdraw limit of $25,000 is really quite meager by today's standards also. Seems like a lot of exchanges lack attention to detail, blaming it on customer load. I can tell you if I was running my own exchange I'd be constantly looking for wallet updates and reviewing customer issues as best I can. If as the owner I had a 3 month backlog of complaints, to me that would be unacceptable. I'd stay up day and night until they were addressed and hire the needed people. With the money these places bring in from transaction fees you can't tell me they're hurting for money.

[nutildah]

I'm not saying you did anything wrong, but a lot of times when people have issues like this it's because they did something wrong, like in the case of NEM not copying and including the proper "message" when sending the coin, or filling out all the fields properly.  These mistakes can be easily avoided with a little care. They don't hold your hand in the crypto space so it's important to take every precaution.

In this case, there is no associated transaction ID, so obviously they didn't send the coins anywhere and are just sitting on them. It says I sent coins to an address "CIFG777" or something similar, and the transfer status says "COMPLETE: ERROR", without listing a transaction ID. So no, I didn't do anything wrong. And I was an original recipient of a NEMstake when it first launched through NXT, so I'm not exactly a noob here either.

Given the fact that over 100 people have commented in this very thread with similar problems leads me to believe that they are either wildly incompetent, on the verge of an exit scam or else bankruptcy. In any 3 of these scenarios, I still continue recommending people _NOT_ deposit their coins in Poloniex, and withdraw everything they _do_ have there. They are simply untrustworthy at this point.

[marky89]

The Service Discussion board and their subreddit are swarmed with complaints as well. But it's been like this since last May. If anything, the situation seems slightly better than a few months ago, after lots of the trading volume moved to Bittrex (and later Binance). There are people with millions of dollars stuck. Some have had their withdrawal limits lowered to $0. I left in June out of fear that I would get money stuck there.

Dremeber, stop posting referral links here. It's against the rules. And it's sort of pathetic.

[Dremeber]

The Service Discussion board and their subreddit are swarmed with complaints as well. But it's been like this since last May. If anything, the situation seems slightly better than a few months ago, after lots of the trading volume moved to Bittrex (and later Binance). There are people with millions of dollars stuck. Some have had their withdrawal limits lowered to $0. I left in June out of fear that I would get money stuck there.

Dremeber, stop posting referral links here. It's against the rules. And it's sort of pathetic.

Sorry was unaware of that!
Won't do it again.

[tokeweed]

Polo's 'complete error' bug has happened to me before when I was trying to withdraw XMR (which was eventually fixed).  This was around late 2016.  And I don't think the exchange is gonna do a Vern any time soon but don't take my word for it because I could be wrong.

Anyway, Nutildah, don't worry too much.  I missed the part that this was a complete error problem by the way.

[3philong]

I can not verify the account. I sent support 2 times but they not answered. And now they announce that they will lock the account unverified. I do not know what to do 

[acc85]

https://www.coindesk.com/i-love-crypto-thats-why-i-sue-bitcoin-exchanges/

could be of interest filing a lawsuit against Poloniex

[cryptohunter]

not opening the xdn xcn and bbr wallets is totally ground for a lawsuit for losses caused.

There is probably proof that can be found they are using the XDN in the last huge pump to benefit from this retention of peoples coins.

If that can be proven they will likely be shut down

[the_viper]

For few years people start to talk about poloniex problems and still continue.
And some other people don't listen community and still continue to invest in poloniex.
We need decentralized exchanges as soon as possible with large liquidity.

[Sponsoredby15]

I cant be true tsss i didnt expect of the best exchanger will gone scam thanks for sharing the information my friend it was a great help for me and other people who are using polo

[Omegagen]

Well I just transferred my XRP to Binance from Poloniex.  It went flawless!  No troubles at all.  Everyone here was worrying me so I decided to give it a try.

[cryptohunter]

Well I just transferred my XRP to Binance from Poloniex.  It went flawless!  No troubles at all.  Everyone here was worrying me so I decided to give it a try.

I dont believe they are exiting I believe they are useless scamming scum.

They have tons of money so wont go under but they are greedy and useless.

I see no reason for the XDN XCN BBR and all the other wallets that have been offline for MONTHS to stay off

They don't employ enough staff or highly skilled staff hence why they don't fix any major problems.

The owner this tristan is probably off swanning around living a great life leaving a bunch of untrained monkeys with zero clearance to look after his exchange.

Also XDN just had a HUGE pump and I would not mind betting their wallet full of other peoples XDN was dumped into this pump and they have now no XDN to pay people thier coins. They will buy them back when it dumps and perhaps switch in on then.

I hope they get busted and fined hard even better throw that tristan in jail for a few months wake that dumb shit up to the fact he is costing so many peole so much money

[Omegagen]

Well I just transferred my XRP to Binance from Poloniex.  It went flawless!  No troubles at all.  Everyone here was worrying me so I decided to give it a try.

I dont believe they are exiting I believe they are useless scamming scum.

They have tons of money so wont go under but they are greedy and useless.

I see no reason for the XDN XCN BBR and all the other wallets that have been offline for MONTHS to stay off

They don't employ enough staff or highly skilled staff hence why they don't fix any major problems.

The owner this tristan is probably off swanning around living a great life leaving a bunch of untrained monkeys with zero clearance to look after his exchange.

Also XDN just had a HUGE pump and I would not mind betting their wallet full of other peoples XDN was dumped into this pump and they have now no XDN to pay people thier coins. They will buy them back when it dumps and perhaps switch in on then.

I hope they get busted and fined hard even better throw that tristan in jail for a few months wake that dumb shit up to the fact he is costing so many peole so much money

I hear ya!!!! I would have been pissed too if I wasn't able to move my XRP! Only coin I have left there is Doge.

[billswk]

Never really traded there.
Even though I dont think it is a scam, but just a really, really, really bad customer support,  thanks for the warning.
Hopefully you will get your coins back.

[tokeweed]

not opening the xdn xcn and bbr wallets is totally ground for a lawsuit for losses caused.

There is probably proof that can be found they are using the XDN in the last huge pump to benefit from this retention of peoples coins.

If that can be proven they will likely be shut down

Didn't Polo give holders enough time to get their coins out tho?  I'm not sure but I think the usually give a month's notice before delisting and a couple or so more months to get them out of the exchange...?

[saif.shaikha]

I am distressed to here that exchanges can stop withdrawal of our money. I have never used Poloniex only Binance and Bitfinex and have not faced any such issue till now.
There are plenty of new exchanges coming up now a days but I would really be weary of these and trust only the established ones.