Poloniex Exchange Down Due to Unexpected Issue, Investigation Underway

Yuri Molchan

Poloniex trading platform has been unavailable and on maintenance due to a sudden issue

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Wed, 17/02/2021 - 14:53

Poloniex Exchange Down Due to Unexpected Issue, Investigation Underway

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Poloniex, whose major investor is Tron CEO Justin Sun, published a tweet half an hour ago that the exchange is "in maintenance mode and unavailable."

The IT support teams of the company are investigating the issue and promise to keep the community updated.

All funds are safe, the tweet says, and the site will return to regular operating mode as soon as possible.

Anthony Scaramucci Expects Bitcoin to Hit $100,000 Before Year's End

Many users in the comment threads are sharing their indignation, as many have open positions on Poloniex at the moment.

Earlier today, Bitcoin printed a new all-time high of $51,600, pulling altcoins along with it into the green.

On Dec. 5, 2020, Poloniex faced an outage due to a DDoS attack.

About the author

Yuri Molchan

Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He has written for multiple crypto media outlets. His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.