Poloniex says (You hereby waive your right to participate in a class action lawsuit or class-wide arbitration.)

in #poloniex8 years ago (edited)

Is Poloniex trying to scam people out of their BTUs? Possible new scam beware.
Poloniex has been involved in many scandals in market manipulation, suspicious selective service down time claims during key trading opportunities, delaying withdrawal attempts for months etc..

Recently they have been holding my bitcoin withdrawal for absolutely no response from support for the past month this happens to be so close to a possible bitcoin fork coming very soon. It is not strange that they closed down the troll box where people used to complain about funds being locked on the servers and no response from support.

Possible scamming scenario:
1-Hold on to customer's BTC.
2-Wait for possible fork.
3-Refund BTC and keep BTU resulting from the fork and sell for free money which should have belonged to others.

What really got to me and convinced me that there is something seriously wrong with poloneix is this part of their terms and conditions. read the last sentence " Additionally, you hereby waive your right to participate in a class action lawsuit or class-wide arbitration." go check it out yourself :)

https://poloniex.com/terms/

  1. ARBITRATION
    Except for claims for injunctive or equitable relief or claims regarding intellectual property rights (which may be brought in any competent court without the posting of a bond), any dispute arising under your use of the Services shall be finally settled on an individual basis through confidential, binding arbitration in accordance with the American Arbitration Association's rules for arbitration of consumer-related disputes and you and Poloniex hereby expressly waive trial by jury. The arbitration shall take place in New York, New York, in the English language and the arbitral decision may be enforced in any court. At your request, hearings may be conducted in person or by telephone and the arbitrator may provide for submitting and determining motions on briefs, without oral hearings. The prevailing party in any action or proceeding to enforce this agreement shall be entitled to costs and attorneys' fees. Additionally, you hereby waive your right to participate in a class action lawsuit or class-wide arbitration.

Other suspicious activities are reported in this post and the internet is just full of them. Coincidence ? You be the judge of that.
https://steemit.com/scam/@skyefox/poloniex-even-more-advanced-scam-than-cryptsy

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Hi, thank you for sharing, I'm following you ^^