Poloniex to be Offline on 17.12

The reason for the full exchange stop is engineering works
12 December 2018   1005

Poloniex Cryptocurrency Exchange will conduct scheduled maintenance on December 17 at 14:00 UTC. Because of this, the site site will go offline for several hours, and all trading on it will be suspended.

As part of our efforts to improve your Poloniex experience, we’ll be conducting planned maintenance December 17th at 14:00 UTC. This will take several hours, and during that time the site will be offline and trading will be suspended.
 

Poloniex at Twitter

Representatives of the exchange also guaranteed the safety of all user tools for the maintenance period.

It is expected that the update will allow to upgrade Poloniex, in particular, to move to new data processing centers, which will increase reliability and uptime.

Actual progress information will appear in the exchange account on Twitter.

According to CoinMarketCap, Poloniex is ranked 46th in terms of daily trading volume - $ 21.7 million.

Poloniex to Compensate User Losses Due to CLAM Fall

The price of CLAM on May 26, 2019 fell by almost 70%, which resulted in a large number of uncovered marginal positions and losses
18 March 2020   354

Cryptocurrency exchange Poloniex reported on measures taken to eliminate the consequences of the incident on the CLAM market, during which many users suffered losses.

The price of CLAM on May 26, 2019 fell by almost 70%, which resulted in a large number of uncovered marginal positions. The amount of losses of users lending to the positions of others amounted to 1800 BTC or more than $ 9 million at the current rate.

We fully recognize that the situation could have been handled more professionally and know that we need to regain your trust. 53 customers have been fully repaid through these initiatives, and we know this isn’t nearly enough.

 

Poloniex

More than 1,000 people with arrears of 0.0047 BTC or less received full compensation. Losses of other clients so far have only been partially compensated.

Also in April, the exchange agrees to pay commission for lending from June 6, 2019. In the future, Poloniex will continue to pay commissions until the debt is fully paid.

Even though reimbursing trading fees may not be meaningful for all customers, we are committed to continuing it as many of you are actively trading on our platform and accelerating your repayment as a result.

 

Poloniex