Poloniex exchange went offline

Poloniex exchange connection troubles: should we be worried?
03 August 2017   2920

Distributed database that is used to maintain a continuously growing list of records, called blocks

Poloniex, one of the biggest and most influential cryptocurrency exchanges, has been surrounded by rumors concerning its insolvency lately. The exchange users report more and more problems and show their disappointment in technical support.

The rumor first started with 4chan post where a user claimed that Poloniex is on its way to insolvency giving the many issues that it is encountering. The post garnered enough attention from multiple users recalling their most recent disappointing experiences on the exchange platform. On Reddit, one user also floated the issue of Poloniex insolvency after his account containing $70,000 was hacked. He detailed that he immediately created a ticket, thus far Poloniex hasn't responded to his issue:

I have a support ticket with Poloniex and have been updating it every day, to no avail. They never respond. Because this is quite a large amount of money, it makes absolutely no sense that they would not reply to my requests, except to say that that a reasonable person would consider them insolvent.

Alexander Levin
Poloniex exchange platform user

On Wednesday evening, August 2nd, Poloniex went offline

Poloniex exchange website went offline Poloniex exchange website went offline

At first, Poloniex team reported on its Twitter on their awareness of the problem:

One hour later, the team detailed that the trading is currently suspended:

At the time of writing the Poloniex exchanges shows signs of life, though the connection speed remains poor.

The uncertainty in the exchange stability resulted in mass withdrawal operations. The users report that there's at least almost no problem with the withdrawal:

The website showed an error a couple of times, but I finally managed to сonduct a withdrawal operation at about 10 a.m. and I received my money at 12 a.m., so, speaking IMHO, there's not so much to worry about.

Mike Morgunov
Cryptocurrency enthusiast

However, now, with all August-1st-mess, the situation in the cryptocurrency world heats up and the community's panic becomes serious.

GRAM May be Traded at Liquid at Triple ICO Price

Bloomberg says that Telegram tokens, that may appear at Liquid will be sold by Gram Asia at $4 per token, but there's no official info from Telegram
04 July 2019   1025

Even before the official public release of the cryptocurrency of the messenger, Telegram can increase in price by 200% relative to its value during the initial offer of coins. It is reported by Bloomberg.

As previously reported, Telegram tokens may appear on the Liquid Bitcoin Exchange already on July 10. The distributor is Gram Asia, which calls itself the largest holder of GRAM tokens in Asia. It intends to put up for sale rights to cryptocurrency at $ 4 per unit.

At the same time, one of the investors said to the publication that at the time of purchase the price of 1 Gram was $ 1.33.

It is worth noting, however, that after the announcement of the public sale of Telegram tokens to Liquid, the media reported that this intention had nothing to do with the official plans of Telegram.

Then one of Telegram's investors stated that no one has the right to sell tokens before their official launch in accordance with the signed agreement. Moreover, representatives of the popular messenger noted that they first heard about Gram Asia.

Later, CEO Liquid Mike Kayamora admitted that Telegram has no relation to the placement on Liquid: the deal was concluded exclusively between the exchange and Gram Asia, which allegedly is an incubator for the TON project.

The Block's leading analyst Larry Chermak on several tweets expressed skepticism about the announced Telegram tokenale based on the Liquid stock exchange, saying that he would “think twice before making a decision to invest.”