Read the statement here.
Unfortunately they waited until after the fork to announce this, and the coins will come too late to take advantage of the currently inflated BCH price. Don't be fooled by the going rates on BCH: each exchange is a closed system without the ability to deposit or withdraw (yet). Once the deposits start coming in, the price will temporarily dump. My guess is that it will then pump afterwards due to Chinese miners flooding hash power into BCH to dump it again afterwards, but we'll have to see about that.
Poloniex has faced a number of rumors of insolvency over the last few months because of slow support response times, limiting withdrawals, issues with trading SBD from steemit, no BCH announcement pre 8/1, and an exchange outage yesterday. I've been using it as my main exchange due to higher loan rates than other exchanges, but I've been steadily moving my funds off and don't plan on moving them back unless 3 conditions are met:
- The BCH crediting process goes smoothly.
- They raise my verification to tier 4 so I can more easily deposit/withdraw money quickly.
- Loan rates are better than other sites.
As of now none of the three conditions are met, so once I can withdraw the rest I'll be taking a break from them indefinitely. Hopefully they can start taking steps to regain trust of the community -- which is hilarious considering they were not hacked like Bitfinex and don't have the shady reputation of Coinbase.
I'm going to post a longer blog series about my thoughts up to and after the fork, but I want to wait a few days to let some more dust settle before doing so.
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