Suddenly, Bitcoin Exchange Poloniex Changes Terms of Use, Triggers Alarm

While Poloniex did not highlight the changes that were made, Reddit user NLNico parsed the document and composed a long list. There are some surprising changes, including bizarre items such as a claim to own anything that a user writes about the exchange on its social media accounts.

Some on Reddit have argued that by changing their terms of use in this way, Poloniex could keep all Bitcoin Cash created from the fork, potentially selling it themselves. As Bitcoin Cash is currently worth hundreds of dollars, this would represent a significant source of profit for Poloniex.

Poloniex has come under fire lately, with rumors circulating that they are on the verge of insolvency. Many users have also noted the slow response of customer service staff at the exchange.