Post
Topic
Board Exchanges
Re: Poloniex's taking money from its customers to cover its loss
by
stormos
on 28/06/2019, 08:55:56 UTC
I blame following polo's mistakes in our loses
Intransparency. Poloniex lending market is intransparent compare to bitfinex where you know total and your personal exposure to a collateral asset. Obviously polo have changed their loss management policy after the incident
Lack of risk management procedures on the exchange side. Our funds was the main (and only) driver for the whole pump. Probably pumper(s) had intention to rob us at the very beginning. In this case, polo should seize pumper’s assets and give it to us.
If polo will fail to obtain funds from borrowers/pumper, we should get portion of 15% lending fee until full repayment