UIA 'POLOLOSTKEYS' created to audit Poloniex's Bitshares cold storage
A new UIA called 'POLOLOSTKEYS' has been created to audit Poloniex's Bitshares cold storage account! (290M BTS!)
Description:
Poloniex has failed to move any cold storage funds into their hot wallet for 10+ months despite running out of hot wallet funds multiple times. It is rumoured that they have lost access to their cold storage funds, if this is the case then they are running a fractional reserve.
If poloniex is reading this in the future, send back one of these tokens to prove you still control the cold storage funds. If you have indeed lost access, own up to your mistakes.
Discussions:
https://steemit.com/bitshares/@robrigo/warning-poloniex-bts-hot-wallet-is-empty-do-they-have-the-keys-to-their-cold-storage
https://twitter.com/by24seven/status/895947480176656384
https://twitter.com/robrig0/status/896016700327550976
Anyone want some free POLOLOSTKEYS? Post your Bitshares account name & smash that follow button! ;D
EDIT:
I have proposed a transaction from poloniexcoldstorage to customminer on Bitshares, by approving this simple transaction they will prove full control of their cold storage account.
Latest update
Poloniex has sent 30m BTS from their cold storage account to their hot wallet, so they've not lost access to these funds.
Asset update
Poloniex had failed to move any cold storage funds into their hot wallet for 10+ months despite running out of hot wallet funds multiple times. It was rumoured that they had lost access to their cold storage funds, if this was the case then they were/are running a fractional reserve.
In response to raised concerns, Poloniex prove proof of cold storage fund ownership by moving 30m BTS from the coldstorage account to their poloniex hot wallet (http://cryptofresh.com/tx/40b2b20e32eb4592e08d50d35bebce668ee0caf1).
Great work, less than one day Poloniex support turnaround - not bad! ;D
send me some to michaelx - I wanna troll them even more than I have been about this:
https://twitter.com/bitshares/status/896040426452529154
Sent, and retweeted! Enjoy :)
Send some PLK to
onotoleBitshares account.Thanks
Sent! Enjoy auditing them :)
Thank you sir :)
Great info @cm-steem it's really helpful to all poloniex user's including myself.
Wow I was wondering what was going on today when I saw it was temp down. Poloniex seems to be having so many issues lately what would be the next best exchange?
bitcoinflood2 . - bitshares . thanks!
Sent, enjoy! :)
The next best exchange would of course have to be Bitshares itself! :D
Thank you, and yup I have been using their exchange for a few weeks now with whaleshares its really helping to grow here on steemit.
Thanks @cm-steem for sharing such important info to steemit commuity, it's look like polo has lost access to their cold storage wallet let's wait and see what poloniex team do next.
This is somewhat hilarious.
nepd1 is my bitshares :)
nightshift1134, my account name and allready been following you.
And yes they need to own up, their mistake lol
They playing marco - polo with that storage :)
Thanks! Recieved the UIA
That would be absolutely hilarious if they lost those keys, althiugh pretty bad for anyone who has their money on an exchange. Always keep your crypto in an offline wallet, never on an exchange
I want some free POLOLOSTKEYS?
Bitshares account name:
virtual-growthI only see an
UNFOLLOWbutton to smash to smash theFOLLOWbutton; so double button smash your way! XDshared on twitter
Disclaimer: I am just a bot trying to be helpful.
I'll take some for this, "sc-ol".
These guys are a mess, and now it's in the public ledger to 😆
Sent, enjoy! :D
If my proposed transaction for their cold wallet expires (in several days afaik) then we've somewhat got proof. They could have access and are just being incompetent with regards to keeping the hot wallet topped up..
The spread between Poloniex and other exchanges has grown to more than 2 cents. This indicates the news on exchange problems is spreading and Poloniex BTS is priced with significant discount as traders with BTS on the exchange accept loss because they fear they may lose more in the future.
Reminds me of Gox spread before it went down. How much more is needed until SHTF?
Very reminiscent - if they don't have access to the cold storage funds then they should have halted trading or at least acknowledged the serious issue months ago.