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RE: Poloniex is Down Amidst Rumors of Insolvency and New ToS

in #poloniex7 years ago

They deserve it. While I like their trading platform a lot and I never had issues personally, what exactly were they doing with all their profits that they couldn't hire more staff or upgrade their platform? I won't be surprised if this is the end for Poloniex. Could be wrong.

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I have not found a full answer on why they have been having issues either. They take 15% off of margin lending, which is supposed to be used to protect/upgrade/maintenance everything, on the site. They have trading fees which are supposed to be put to maintaining as well.