Guys, it seems I have a similar problem, my withdraw is still "pending" for about a week right now, what should I do? Do I need to contact the support page by opening a ticket?
What if they are just selling altcoins generated out of thin air? Not deposited by customers, but just generated on the platform. In this case they cannot process withdrawals in full, because their wallets won't cover all withdrawal requests. And therefore they don't even reply to support tickets. Do you think it's possible?
It can easily explain why on every pump happening on Bittrex, the price on Poloniex is always lower. That's because Poloniex itself is selling coins that didn't even exist on the blockchain. And when customers want to move coins to Bittrex, it just fails to process withdrawals and never answers to support tickets. In this case it just burns these generated coins and takes your BTC. It is an obvious scam, isn't it?
Well thats just describing USDT, otherwise known as Tether that has no backing and their site even says they are not responsible for redeeming tokens so there ya go.
at this stage i'm pretty much convinced this exchange is running on fractional reserve hence my funds were frozen to pay out someone else's withdrawal. stay away from this exchange guys!
No poloniex is trustworthy unlike shittrex.They don't attempt disable your account and take your money.They are probably the most trustworthy exchange in the game today.
Which is a very sorry state of affairs.
ETH chain is fuked, Cryto Kitties gave it Cat scratch fever.
https://www.youtube.com/watch?v=penXkW99v7A