Poloniex Legacy Users Experience Massive Accounts Freezes
Posted: Sun May 27, 2018 8:24 pm
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)