A new UIA called 'POLOLOSTKEYS' has been created to audit Poloniex's Bitshares cold storage account! (290M BTS!)
Description:
Poloniex has failed to move any cold storage funds into their hot wallet for 10+ months despite running out of hot wallet funds multiple times. It is rumoured that they have lost access to their cold storage funds, if this is the case then they are running a fractional reserve.
If poloniex is reading this in the future, send back one of these tokens to prove you still control the cold storage funds. If you have indeed lost access, own up to your mistakes.
Discussions:
@robrigo/warning-poloniex-bts-hot-wallet-is-empty-do-they-have-the-keys-to-their-cold-storage
https://twitter.com/by24seven/status/895947480176656384
- by24seven
https://twitter.com/robrig0/status/896016700327550976
- robrig0
Anyone want some free POLOLOSTKEYS? Post your Bitshares account name & smash that follow button! ;D
EDIT:
I have proposed a transaction from poloniexcoldstorage to customminer on Bitshares, by approving this simple transaction they will prove full control of their cold storage account.
Latest update
Poloniex has sent 30m BTS from their cold storage account to their hot wallet, so they've not lost access to these funds.
Asset update
Poloniex had failed to move any cold storage funds into their hot wallet for 10+ months despite running out of hot wallet funds multiple times. It was rumoured that they had lost access to their cold storage funds, if this was the case then they were/are running a fractional reserve.
In response to raised concerns, Poloniex prove proof of cold storage fund ownership by moving 30m BTS from the coldstorage account to their poloniex hot wallet (http://cryptofresh.com/tx/40b2b20e32eb4592e08d50d35bebce668ee0caf1).
Great work, less than one day Poloniex support turnaround - not bad! ;D