Post
Topic
Board Legal
Merits 3 from 2 users
Is Poloniex liable?
by
Hueristic
on 01/06/2018, 18:36:57 UTC
⭐ Merited by sailthor (2) ,bones261 (1)
I intend to file a complaint and have been in touch with the  Delaware Attorney Generals office and they refereed me to the Delaware investor protection agency which I got redirected to voicemail where I left my contact info to get the ball rolling.

There are many issues with Polo the last year but this one is the final straw. After sending out emails stating that they would be requiring KYC but the users would have a period to withdraw if unwilling or unable to provide KYC then they would be allowed to withdraw funds. Well to no ones surprise they have lied and have frozen accounts that do not comply to their demands of verification. Whether this is legal or not is not the basis for my complaint. although I am sure there is legal recourse in here as well.

My complaint, and where I believe Poloniex is liable, is in order to access your funds to withdraw and not use their service they are forcing their users to agree to waive their legal rights.

I am not a lawyer but as far as I understand that it is a form of extortion.

You must agree to their terms of service which states you waive the right to sue them in order to access your funds and withdraw. It also states that you also agree to waive your rights if you try to use their ticket support system as well which as far as I know is the only other way to remove funds.

So to all you lawyers out there is this Extortion or not?


I will keep this OP updated and all those that Poloniex is stealing funds from go ahead and post in this thread for future reference if this ends up in court.

Please do not clutter it up with worthless "polo sucks" posts.

Feel free to post any open tickets you have that they are ignoring and I will be posting a few tickets they closed on me in the past without addressing the issue nor even notifying me they had closed those tickets.

I am assuming this will end up being moved into the scam accusation section but for right now I am gathering information and advice with this post. As many of you are aware Poloniex is now owned by Circle which is backed by Goldman Sachs so it is now firmly in the grasp of the banking institutions. And will assuredly be firmly in the grasp of the judicial system as well as the regulatory system which is what I'm sure Goldman Sachs was waiting on to catch up before they made this move.

Direct Email: Hueristic_AT_protonmail.com