Poloniex Legacy Users Experience Massive Accounts Freezes

[kreslik.news]

Popular cryptocurrency exchange Poloniex has put a temporary ‎hold on its legacy account users as the Delaware-based platform is ‎implementing a new know your customer (KYC) verification process.‎

Back in December, Poloniex started to implement an identity ‎verification process for all its new registrants. At the time, legacy ‎account holders were ‘grandfathered’ with the privilege of not being ‎required to submit identity credentials.‎

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Now Poloniex inactivates accounts that was registered under its old ‎guidelines, reportedly sending emails requesting legacy users to comply ‎with the new verification method or their unverified accounts will ... (read more)