[ANN][EXCHANGE] Poloniex - Crypto Exchange with BTC/NXT

[4luxon]

Poloniex

My withdraw  BTC status processing 2 weeks, ticket #360694. I made withdraw when poloniex shutdown 2 august.

[mmortal03]

Here is an amusing comment on Polo.

http://www.webd.com/the-poloniex-review-that-got-me-banned/

lol at that video.

[hackbyte]

O.k. ...


Now i'm REALLY PISSED.

I have still 0.06btc STUCK in "Awaiting Approval" status....

So i have/had around 0.06btc + some few satoshi (0.03btc) still in lending or somewhere around.

Now it got finally some bitcoin cash to my account ... but WHAT THE HOLY F*CK??

I GOT 0.00047183 BCH TO MY ACCOUNT?

Busoni, do you really think you can get away with that?

I'm pretty sure, i can even sue you from over here in germany .... and i _WILL_ do if you do not resolve that fuckup AS SOON AS POSSIBLE!

Hacky

P.s.: I want my fucking coins ... A.S.A.P.
https://drive.google.com/open?id=0B1EZPqWPFPycZ09pQnBqMlhmdUE
https://drive.google.com/open?id=0B1EZPqWPFPycWksxTFAtbjVXd3c

[Miiike]

O.k. ...


Now i'm REALLY PISSED.

I have still 0.06btc STUCK in "Awaiting Approval" status....

So i have/had around 0.06btc + some few satoshi (0.03btc) still in lending or somewhere around.

Now it got finally some bitcoin cash to my account ... but WHAT THE HOLY F*CK??

I GOT 0.00047183 BCH TO MY ACCOUNT?

Busoni, do you really think you can get away with that?

I'm pretty sure, i can even sue you from over here in germany .... and i _WILL_ do if you do not resolve that fuckup AS SOON AS POSSIBLE!

Hacky

P.s.: I want my fucking coins ... A.S.A.P.
https://drive.google.com/open?id=0B1EZPqWPFPycZ09pQnBqMlhmdUE
https://drive.google.com/open?id=0B1EZPqWPFPycWksxTFAtbjVXd3c

I don't know how exactly polo works on distributing BCH, but on bittrex you get the amount in equal to the amount of btc you have in your balance and btc that's still on your open transaction.

Maybe you get less than you expected because the 0.06 was "leaving" your wallet (although still in process) and technically was not on your balance anymore, same thing with lending as it was lent to someone and supposed to be not on your wallet too.

[hackbyte]

O.k. ...


Now i'm REALLY PISSED.

I have still 0.06btc STUCK in "Awaiting Approval" status....

So i have/had around 0.06btc + some few satoshi (0.03btc) still in lending or somewhere around.

Now it got finally some bitcoin cash to my account ... but WHAT THE HOLY F*CK??

I GOT 0.00047183 BCH TO MY ACCOUNT?

Busoni, do you really think you can get away with that?

I'm pretty sure, i can even sue you from over here in germany .... and i _WILL_ do if you do not resolve that fuckup AS SOON AS POSSIBLE!

Hacky

P.s.: I want my fucking coins ... A.S.A.P.
https://drive.google.com/open?id=0B1EZPqWPFPycZ09pQnBqMlhmdUE
https://drive.google.com/open?id=0B1EZPqWPFPycWksxTFAtbjVXd3c

I don't know how exactly polo works on distributing BCH, but on bittrex you get the amount in equal to the amount of btc you have in your balance and btc that's still on your open transaction.

Maybe you get less than you expected because the 0.06 was "leaving" your wallet (although still in process) and technically was not on your balance anymore, same thing with lending as it was lent to someone and supposed to be not on your wallet too.

Heh, i'm pretty sure, that is completely irrelevant in this place. BECAUSE, _if_ poloniex would have my transaction processed as usual, i would already have these coins in my local wallet and so doubled it's value in to bcc/bch.

But right now, Poloniex is holding my funds as hostage. Which:
A: gave me some losses from not being able to lend.
B: gave me a loss from not being able to trade.
C: gave me a loss from not being able to sell BCH in time.
D: gave me a loss from being not able to use my funds at all.
And right now:
E: Gives me a loss because poloniex does not pay their I.O.U. to me.

It is probably being considerable as Fraud, as they seem to just not pay out any I.O.U. to me at all.

So, according to at least German Laws, this will be considered as Fraudulent Behaviour and probably as Theft or Evasion.

Counting in the possible earnings which i lost due to the behaviour - or better not-behaving - from poloniex, i'm sure, there will be some lawyer which happily will take this case to a court.

Especially as i have to earn some money to fullfill other stuff, which keeps me from getting rid of additional costs i have to cover.

So, all in all, it's not looking good for Busoni/Tristan D'Agosta.

Oh .. and let's not forget. His company is still lying about the form of company behind the site.

On the site there is still written that it is a business of Poloniex Inc. which is not really true as they created Poloniex LLC back in 2014.

So, even _THAT_ is probably to be considered as fraudulent behavior.......

Sources:
https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=309559982
https://www.bitcoinscamfighters.com/single-post/2017/06/03/BITCOIN-SCAM-FIGHTERS----FACT-SHEET-POLONIEX-AND-CHIEF-EXECUTIVE-OFFICERS
https://www.reddit.com/r/Buttcoin/comments/46ch9n/poloniex_the_third_largest_cryptocurrency/
https://www.delawarelookup.com/company/5959580/poloniex-inc
https://icis.corp.delaware.gov/ecorp/entitysearch/NameSearch.aspx (search for poloniex)
via https://www.reddit.com/r/BitcoinMarkets/comments/62slgv/who_the_hell_is_poloniex/

So .... i think, there is some room to sue them.... Especially as the volume on my stuff is small enough that even a LLC behind that, has to and can cover it.....

Hacky

P.s.: IANAL, i'm not an US Citizen at all, but according to several law's, i'm, legally allowed to have contracts with Poloniex Inc./LLC and according to several law's, as soon as that is the case, it is even possible to sue someone in a (from germany) foreign country.

Edit: P.p.s.: There is still no transaction, neither on the BTC blockchain nor on the BCC/BCH blockchain:
https://blockchain.info/address/1bytoroRvXLGc1FWTob5h1oH92VMdUSFi
https://blockchair.com/bitcoin-cash/address/1bytoroRvXLGc1FWTob5h1oH92VMdUSFi

[Vongola]

Hmm so many accusation with poloniex. I only want to ask what was happened with BCH? the price has increased more than 116000% this morning. Just an insane %increase

[hackbyte]

Hmm so many accusation with poloniex. I only want to ask what was happened with BCH? the price has increased more than 116000% this morning. Just an insane %increase

That's not a real increase. It's just a mathematical side effect from opening a market with zero value and volume going straight into a lot of trading and volatility.

Hacky

[hackbyte]

I wish they would just open BCH lending at all.

I think there might be a _LOT_ of possibillities for trading .. and so for lending in the long run....

MOAH ... can't tell how pissed i'm actually........

Hacky

[holydarkness]

Hmm so many accusation with poloniex. I only want to ask what was happened with BCH? the price has increased more than 116000% this morning. Just an insane %increase

That's not a real increase. It's just a mathematical side effect from opening a market with zero value and volume going straight into a lot of trading and volatility.

Hacky

Yes, that was it. It was just an increment that usually happen on the first time a coin enter an exchanger market and mostly was internally pumped. If you see bittrex chart or other exchanger chart, the rate was never rise above 0.1, only in polo ot reached 0.3. I don't know, thougj, if anyone had a chance to sell at that rate, because usually the pump only happen on a very quick period.

[Alphi]

I too am waiting on a BTC withdrawal for more than a week..

For those people who did managed to get your coins out how long on average did it take after they were flagged for manual processing?

Also I seem to have got way less BCH than I was expecting.. anyone else notice that?

I had 0.31202301 BTC in my wallet at 2017-08-01 14:17:10
(I can confirm this by looking at my transaction log)

According to the Bitcoin cash website the fork happened at 2017-08-01 18:24:41 UTC

And yet I only got 0.00532192 BCH

Even with a 4 hour time difference between UTC and Delaware time I should still be under the cut-off.

Just wondering if anyone else feels like they got short changed from the BCH distribution?

I don't really care about the BCH but I am beginning to have serious doubts about this exchange.

[pawel7777]

...

I had 0.31202301 BTC in my wallet at 2017-08-01 14:17:10
(I can confirm this by looking at my transaction log)

According to the Bitcoin cash website the fork happened at 2017-08-01 18:24:41 UTC

And yet I only got 0.00532192 BCH

Even with a 4 hour time difference between UTC and Delaware time I should still be under the cut-off.

Just wondering if anyone else feels like they got short changed from the BCH distribution?

I don't really care about the BCH but I am beginning to have serious doubts about this exchange.

Is it possible that the missing balance was used to provide loans in 'Lending' feature? If so, you don't get credited for that.

[Ajayjkhidhgtfe]

I too am waiting on a BTC withdrawal for more than a week..

For those people who did managed to get your coins out how long on average did it take after they were flagged for manual processing?

Also I seem to have got way less BCH than I was expecting.. anyone else notice that?

I had 0.31202301 BTC in my wallet at 2017-08-01 14:17:10
(I can confirm this by looking at my transaction log)

According to the Bitcoin cash website the fork happened at 2017-08-01 18:24:41 UTC

And yet I only got 0.00532192 BCH

Even with a 4 hour time difference between UTC and Delaware time I should still be under the cut-off.

Just wondering if anyone else feels like they got short changed from the BCH distribution?

I don't really care about the BCH but I am beginning to have serious doubts about this exchange.

i had got the message 'complete:error' and i opened ticket at that very moment hopefully i got the withdrawal within 12 hours although my ticket was still not answered amount was 20k usd

[hackbyte]

[....snip....]
According to the Bitcoin cash website the fork happened at 2017-08-01 18:24:41 UTC
And yet I only got 0.00532192 BCH
Even with a 4 hour time difference between UTC and Delaware time I should still be under the cut-off.
[....snap....]

Oh well ... according to the website poloniex.com, as you can see at the bottom right of the page, the site and the exchange _does not operate on local delaware time_ but at UTC.......

So, there should no timezone difference occur at all....

should..... well....

And yes ... right now the trust level of poloniex should imho no longer be considered as trustable _at all_. Sadly


Hacky

[hackbyte]

oh my .... and another update as i restarted my lendingbot a few seconds ago:

Code:

WARN: [BOT]-mindailyrate's value: '0.001' is below the minimum limit: 0.003, which will be used instead.

Aha ... again a change in contracts w/o any information nor any notice at all.........

It's getting worse hour by hour........ ;(

Edit/Update:

Interestingly, i'm still able to set up loan offers with interest rates as low as 0.0009% for Stellar/STR, so this change might actually kill any lending bots ability to work in the long run.....

This whole mess reminds me more and more to the stuff Karpelès did in the very last months of MtGox.


Hacky

[wakawaka]

Confirm. No BCash air drop on bitcoins in lending.

[asdlolciterquit_2]

Hi Poloniex, where is my withdrawals? I'm tired of waiting for a few weeks!
On poloniex.freshdesk.com one of my tickets was deleted (I created a separate ticket for each currency)
Tickets #378679 and #370873 (the last one was deleted)

they deleted a ticket? No comment...really...

[hackbyte]

[..snip/snap...]
On poloniex.freshdesk.com one of my tickets was deleted (I created a separate ticket for each currency)
Tickets #378679 and #370873 (the last one was deleted)

they deleted a ticket? No comment...really...

Yah .. right.

Hacky

[Alphi]

...

I had 0.31202301 BTC in my wallet at 2017-08-01 14:17:10
(I can confirm this by looking at my transaction log)

According to the Bitcoin cash website the fork happened at 2017-08-01 18:24:41 UTC

And yet I only got 0.00532192 BCH

Is it possible that the missing balance was used to provide loans in 'Lending' feature? If so, you don't get credited for that.

Nope I never lend on exchanges.

My only guess is that the exchange could have used midnight July 31 as the cutoff thus allowing them to keep all the BCH coins held on the exchange for the rest of the day (August 1)

This is only speculation, that is why I was wondering if anyone else experienced the same problem. It would be a big red flag for me if the exchange was short changing their customers.
(Withdrawal delays with no response to tickets is already 2 red flags)

[Alphi]

[....snip....]
According to the Bitcoin cash website the fork happened at 2017-08-01 18:24:41 UTC
And yet I only got 0.00532192 BCH
Even with a 4 hour time difference between UTC and Delaware time I should still be under the cut-off.
[....snap....]

Oh well ... according to the website poloniex.com, as you can see at the bottom right of the page, the site and the exchange _does not operate on local delaware time_ but at UTC.......

So, there should no timezone difference occur at all....

should..... well....

And yes ... right now the trust level of poloniex should imho no longer be considered as trustable _at all_. Sadly


Hacky

Thanks man, I did not notice that.
Do you know if the trade history is also in UTC? I am assuming it would be. But sometimes they list in local time.

[Alphi]

I too am waiting on a BTC withdrawal for more than a week..

i had got the message 'complete:error' and i opened ticket at that very moment hopefully i got the withdrawal within 12 hours although my ticket was still not answered amount was 20k usd

I really feel for you.. I don't have any where near that much stuck in awaiting approval but I guess we both just learn't never to send large amounts in a single transaction.
Kinda sucks that Poloniex is holding us all to ransom, it feels like the run up to the Mintpal and Cryptsy collapses.

My guess is that they are trying to stop a bank-run but this kind of behavior just ruins their credibility.

Dear Poloniex. Either process the transaction or reject it.. but to leave your users hanging like that with large amounts of coin locked in transit that cannot be traded is just plain pathetic.

Deleting support tickets without a response and to leave your customers with no resort other than to threaten legal action only makes your exchange look like it is insolvent. Wake up, smell the coffee and be good to your customers otherwise you will end up causing the very bank run that you are trying to prevent.