Post
Topic
Board Exchanges
Re: Poloniex's taking money from its customers to cover its loss
by
countryfree
on 05/07/2019, 13:42:50 UTC
hmm, lending rates are directly linked to demand from margin trading. I don't want another sh*tcoin collapse...

Besides, I've removed most of my coins. I only have about 0.1 BTC left at Poloniex. I just don't trust it anymore, and who can?

Has this scandal had a material effect on P2P lending liquidity, or are lenders generally just eating the loss and continuing on as normal? Where can we view statistics about outstanding P2P loans and interest rates? I'd have thought lenders would withdraw funds en masse and this would naturally drive interest rates up.

A 1,800 BTC loss, I've lost myself more than 1 BTC, and I just can't eat it. This is no business as usual. I don't think there are stats available. I guess Poloniex have some, but they're hiding it. We still don't know how many people were affected...

If you did bankrupt Poloniex, I believe you would spend a lot of money out of your own pocket doing so, and any money you do recover would probably not cover any legal expenses you incur.

No, I would not have to pay any legal fee. I've found a lawyer who doesn't ask for any money up front. He just want a share of whatever he may get from Poloniex, but it's a huge share, with a substantial fixed minimum.