On the 25. July, the American Department of justice (DoJ) has brought in a special manner his interest in Poloniex — a Delaware — based crypto stock exchange. Craig.Weldon, the chief investigator of the Department for the protection of investors (IPU), sent a variety of Poloniex users, e-mails, to interrogate them, whether they had previously been difficulties with your account in the cryptographic exchange.

This procedure does not come about by chance, over the last few months, the Social Media pages and customers were flooded with service of exchange, with complaints of users not able to suddenly access their accounts. The Ministry of justice has set itself for the time being now with Poloniex-investors from Delaware in connection to further steps to explore.

short description of Poloniex

Poloniex was founded in 2014 by Tristan D’Agosta, a businessman from the is, to date, little is known or to find the online information to. The cryptographic stock exchange, has its headquarters in the city of Wilmington, which is in the state of Delaware. According to data from Coinmarketcap Poloniex is the size currently number 30 in the world with a daily trading volume of approximately 54 million $, where 98 different Tokens are available for Trading. In February, the stock market has been determined, however, is still significantly higher, so she was at the end of the month, the number 14 of the crypto-world, and has recorded a daily trading volume of $ 140 million. Poloniex does not work with normal currencies, but also allows the users only to so-called Margin Trading, is trading with borrowed capital and not equity capital.

In February 2018, was bought Poloniex from the Dublin-seated technology companies Circle, for a total amount of rich $ 400 million. It is worth noting that Circle of Goldman Sachs, is supported. The Wall Street giant, has invested in 2015 for an amount of $ 50 million in the company, similar to other venture capital firms.

Sean Neville, and Jeremy Allaire, co-founder of Circle, were highlighted at the announcement of the deal, that they wanted to develop Poloniex, to make it more than just a crypto stock market:

„We see a robust, multi-dimensional, decentralized market place, the Tokens can be anything of value: physical goods, equity, real estate, Creative assets (e.g. art, music, literature), services, Lending, loans, Futures and much more.“

„first of all, you assume that Circle the customer for support, the risk is minimized, to ensure legal certainty and technical operation to expand the company’s existing products and platforms can be scaled“. The two co-founders.

In March, Allaire introduced the plans to Poloniex on the Asian market. The company wants to hire more than 100 employees from the Region.

disclosure of customer data –

so Far, the crypto exchange has announced that it strives for full compliance with the official regulations. In an open letter to the D’Agosta in may of 2015, the users of the cryptographic stock exchange had sent, he that Poloniex as a financial service provider is registered and, therefore, „rules and regulations of the authority for any financial crime (FinCEN) is bound.“ Consequently, the company began to Know the so-called-Your-customer (KYC) and Anti-money laundering (AML) measures. In may 2015 Poloniex has urged its users to your full name and country of origin at the time of each disbursement. In payouts of more than $ 2000 (within 24 hours) even had to be the exact address and the phone number given. For payouts of more than $ 7,000 within a day, users need to verify, even by ID.

In December 2017 announced Poloniex that the KYC/AML measures from now on, stricter should be, it was arranged that long-time customers within a certain period of time, a verification process had to be made to „possible problems in the further use of the trading platform to avoid.“ A specific deadline was not named, however, this should be in the „first quarter of 2018“. Since there has been no communication regarding this period. In may of this year, some of the customers got the Emails, in which Poloniex asked that the appropriate user should verify your account within 14 days. Those accounts, which have not been verified in this period, were blocked, which led to the amazement of some clients. Then there were a lot of complaints, even from users who had made the verification process. Some account holders have indicated that, even after verification and a confirmation of their accounts were still locked.

In the terms and conditions of use of Poloniex, the company confirmed to be as a financial service provider in the FinCEN registered and is even the corresponding number. In addition, the crypto stock exchange warns about data security: „to Poloniex could be required, Details of the account to use to the FinCEN. Furthermore, Poloniex, if applicable, must submit information to government authorities, as this is prescribed by law.“

More customer complaints and the Intervention of the Ministry of justice,

The unofficial Reddit page of the company will be flooded with entries of customer complaints to the freezing of the accounts. A large number of customers say that customer service ignored complaints in a targeted manner. For example, the user „bethonpl celebrated“ the one-year anniversary of its Support Tickets. Similar statements appear also in the answers to the Twitter entries from Poloniex.

At 9. July has presented to the Reddit user PoloniexSuit a Petition of change.org against Poloniex. In this he calls on affected customers, in the Petition to be entered, so far, 12 people did this, however. In the summer of 2017, another Poloniex users had contacted the FinCEN, the result of this request, however, is unknown. On the Poloniex Reddit, many customers also complain about long transaction times and high payout duration. One of the users referred to a payout ticket is open since January. Another user on its payoff also for a number of weeks to wait. Both of them have so far received no response from Poloniex.

On the 25. July was playing Cointelegraph of an Email, in de res is that Poloniex have drawn the attention of the Department for the protection of investors (IPU) of the judicial authority of Delaware (DoJ). In a screen capture of the said Mail to see that Craig Weldon, chief investigator of the Department for the protection of investors, a variety of persons involved (in CC of the Mail, more than 100 people), he, in turn, prompts contact with him, if you have problems with your Poloniex account.

At the request of Cointelegraph Carl Kanefsyk, the press spokesman of the judicial authority of Delaware confirmed that they had set with „investors from Delaware“ on the basis of „made enquiries“. The judicial authority indicated that „a variety of crypto-‚ve added investors“ to look for her, called, however, no specific crypto exchange. The authority refers to „an ongoing investigation“ and no further Details.

„Although we can make no further comment on the Status of the ongoing investigation, we confirm that a variety of investors and currencies in the Crypto-us about have complained of frozen accounts and poor communication. In addition, some crypto-exchanges have been able to carry out their investors prevented from payouts. This can be problematic for investors who want to withdraw their funds to be able to take a certain course of value.“

The spokesperson of the judicial authority in Delaware has called on locals Anelger, still in contact with his office.