Justin Sun's Poloniex is in trouble. All withdrawals are closed for 5 days - counting.

Poloniex has been one of the oldest CEX still around. It once had reputable owners from the US but was sold a couple of times and finally landed in the hands of Justin Sun (who also bought Huobi) and ironically renamed it to HTX.

Poloniex is a dead man walking for a long time. They closed withdrawals for months for coins like XMR that are quite easy to fractionally reserve, because it leaves no trails on the blockchain.

It's not a secret that Poloniex like other CEX are short some coins and would need to rebuy those coins from the open market to make their users whole.

But here comes clever Justin introducing to you the "hack" of Poloniex. And after a short while being in contact with some other identity of himself the "hackers" return some of their customers money. Maybe we just(in) need to believe him that after the slow bank run on Poloniex there is still something left. Trust me bro > verify.

All withdrawals are still closed (5 days and counting). Both Poloniex as well as HTX pay exorbitant interest rates for any coin that you are willing to lend him.

A self-inflicted "hack"ccident is when an already broken exchange thanks to willingly mishandling customer funds (that's what fractional reserve is) claims to be hacked through some external hackers. It's in the 101 of how failed exchanges exit their losing positions "gracefully".

HTX 100% interest rates and Binance will be next.