Quote from: squatter on June 28, 2019, 11:05:14 PM

Quote from: countryfree on June 28, 2019, 09:35:03 AM

Now getting legal advice, I've been told that proving there was a fraud would be very difficult, unless having access to Poloniex's whole data, but there was definitely a mistake. Things like this, that CLAM crash because of crazy margin trading, should never happen.

I wouldn't think fraud would be the angle here. Something like negligence with regard to capital and margin requirements, maybe.

Does anyone know what jurisdiction this case would fall under? Did the lawyer you spoke to say? As a US company, capital and margin requirements would normally be covered by CFTC regulations. Since US persons aren't allowed to lend or margin trade on Poloniex, I'm not sure they apply here.

Yes, negligence, but there's also the fact that socializing losses is illegal in the US. Poloniex says it's OK because it wasn't offering its services to US customers... Easy answer!

Quote from: yefi on June 29, 2019, 12:38:36 AM

I see rates are down to 2% apr again. I guess lenders there are just gluttons for punishment? Lips sealed

Yes, very stupid. Now that we know that lending is unsafe at Poloniex, doing it to earn a measly 2% is plain stupid.