Post
Topic
Board Exchanges
Re: Poloniex Fair Fund notice
by
allyouracid
on 05/11/2024, 01:17:19 UTC

As stated above, the fund is not 1.5m, it is 10.4m.

I asked about this and got this e-mail from them:

"Communication will be sent prior to distribution with the exact amount you are to receive.  If the Net Available Fair Fund is less than the sum of the Recognized Losses of all Eligible Claimants, each Eligible Claimant’s distribution amount will equal his, her or its “Pro Rata Percent” of the Net Available Fair Fund."
We can expect to get between 40 and 100 percent ... anyway, there are many variables including the final number  of claimants, ( eligible claimants), most probably, only kyc accounts got these notices and many of them, not responded back or missed the deadline which was 31/10/2023.
I'm assuming that this is from official sources, too? If that is the case, then this is absolutely wonderful news, actually the best news I've had in some time. This exceeds my expectations by far, because with all the craze going on in the timeframe in question and how popular shitcoins were, these days, my guess was more in the ballpark of 1-5% of our actual claims. So even 40% would be a very welcome pay.

And if payments are planned for the coming months, then this is like Christmas, birthday and Altcoin Season all at once Grin