Quote from: jwinterm on September 26, 2019, 04:27:49 PM

Quote from: KeyJockey on September 26, 2019, 04:16:50 PM

Quote from: Hueristic on September 25, 2019, 03:03:23 AM

Sorry, you gotta DYOR.

Heh, umm actually kinda sorta seems to me that asking for info from well-established long-time forum members on sites like this, about shit that's happened in crypto space... IS doin' his own research due diligence study background etc etc, ain't it?

Just sayin'... lol

P.S. I'd like to know too about this clams-raid whatever happened? Fuckin' Polo is no love lost on me either over the time, fuck those fuckers but still what's it about exactly? I hadn't heard anything on it either.

https://www.ccn.com/poloniex-users-threaten-to-sue-after-losing-13-5m-in-clam-flash-crash/

tl;dr Polo had an extremely illiquid shitcoin as part of their margin lending/trading system, price dropped 70% in an hour, then Polo socialized losses to all BTC lenders in the form of 17% haircut.

The haircut that was partly repayed and a month or two ago they give you chance to not pay fees or soemthing for your loss untill all loss is fully repayed. So if you actively trade you can get all back fast. Here https://medium.com/circle-trader/lending-pool-loss-update-2-trading-fees-are-now-being-credited-to-impacted-lenders-more-actions-dad6840298ef

But to be clear this loss happened only to those that had tehir coins lending on Polo and earning profit doing so. I personaly had coins on Poloniex and had no loss doing that. Also no profit.