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RE: The Case of the missing SiaCoin
You dance with the devil when you trade on Polo, or any other exchange for that matter. They are all private companies with little to no regulation. And good luck contacting them.
When the XRP flash crashes occurred back in April people lost A LOT of money. So much so one guy set up a class action lawsuit website. A few days later that website eded up re-directing to Poloniex....
do you have a link with some more info on that story, sounds like an interesting one.
Yup. I clearly remember it cause I was trading when it happened, in XRP no less. As soon as the server came back up I started moving BTC out and over to Bittrex. Here ya go.
https://www.cryptocoinsnews.com/jilted-trader-organizing-class-action-suit-poloniex/
Thank you for that info, I've started to move some of my portfolio over to bittrex, but I'm thinking more and more I should just move the whole lot, it's not worth the stress.
Always happy to help with what I know.
Who is to say bittex will be any better when their servers get overloaded and crash though? That's the problem, we need an exchange that will clearly give us a statement on events like server crashes. The trading should be frozen and/or rolled back to before the event.
I wasn't hurt in it because I don't margin trade, but the fundamentals of the market need to be intact for all traders.
Is there any discussion on this issue anywhere? Shouldn't the entire crypto community be involved in finding a solution asap?