Poloniex isn't spinning out of Circle, Circle is running out of Poloniex because hell is raining down on them finally (thank god).
You can't declare your company is an MSB in 2015 and start imposing your own regulations/updating your own magical daily withdraw limits... However, only start to apply for licenses in 2018 and expect it actually to work out.
Poloniex is having a bad year in 2019. I expect life is going to get significantly worse for Poloniex as well.
It started out with Tristian and his two associates getting nailed in Georgia:
https://dbf.georgia.gov/press-releases/2019-03-19/department-enters-consent-order-tristan-d%E2%80%99agosta-julie-kim-and-michaelThen Poloniex gets nailed in Ohio for a $100,000 fine. (Ohio's website is down this weekend)
Then Poloniex starts giving up all of its licenses:
https://www.nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/1486722
I really hope the United States continues to pursue these bad characters and doesn't allow them to just pawn it off on some anon chinese shit. Tristian likely belongs in prison, in my opinion, for 1-5 years (FED time, so 80%).
Poloniex
https://support.poloniex.circle.com/hc/en-us/articles/360028483832 page still claims they have all these licenses... which they don't as indicated above.
Ah fuck it, I'll bite and open a support ticket!
It's fun kicking bad guys when they are down because they've treated their customers like such shit for years.
If Poloniex still continues to purposely misrepresents that they have USA Licenses on Monday, I'm going to begin my rounds of making phone calls/complaints with the proper state authorities. I recommend others do the same on Monday if Poloniex leaves that page up. (the more that complain, the better our chance is... right now is time to sue and file complaints against this organization and put these bad characters out of their misery and out of the Bitcoin/Cryptocurrency industry. If we need to file complaints on Monday, file them against CIRCLE. Not Poloniex. Circle isn't going to just be able to trick USA citizens all the way their November deadline without having repercussions. For example, Georgia is a $500 a day fine for example and it seems Poloniex has been lying about its license in GA for months at this point!! Bastards man! )
Poloniex mod says that the "Chinese" company is retaining it's, American staff. It's pretty obvious this sell to China is just a way of this company attempting to dodge the laws/United States investors they have violated and defrauded. I doubt the DOJ and other departments investigating Poloniex AND Circle take kindly to this.
pistachio: @cryptologyx the team that is currently running polo now is staying
Hopefully, this clown learned his lesson about being lazy around Sharks. I personally believe all of that whole
CLAM situation would have been avoided if Poloniex (specifically James Seibel) would have taken 5 minutes to implement the fix that the CLAM team gave them for free.
James Seibel was specifically responsible for 1,800 BTC being lost, in my opinion. I have opened a thread specifically for this individual:
https://bitcointalk.org/index.php?topic=5194358.msg52814537#msg52814537
