{"id":7307,"date":"2018-05-28T02:09:52","date_gmt":"2018-05-28T02:09:52","guid":{"rendered":"https:\/\/www.legitgambling.com\/news\/?p=7307"},"modified":"2018-05-28T23:32:59","modified_gmt":"2018-05-28T23:32:59","slug":"legacy-poloniex-clients-lose-access-to-accounts-even-after-verification","status":"publish","type":"post","link":"https:\/\/www.legitgambling.com\/news\/legacy-poloniex-clients-lose-access-to-accounts-even-after-verification\/","title":{"rendered":"Legacy Poloniex Clients Lose Access To Accounts Even After Verification"},"content":{"rendered":"<p><img decoding=\"async\" class=\"size-full alignleft\" src=\"https:\/\/www.legitgambling.com\/news\/wp-content\/uploads\/2018\/02\/poloniex.jpg\" alt=\"\" width=\"300\" \/>Back in December 2017, Poloniex, which was acquired by Goldman Sachs backed Circle for ~$400 million a month before, had announced all users, including legacy accounts, should undergo compulsory verification before the end of 1Q18. At the time of the announcement, Poloniex had not given any hints about its acquisition by Circle.<\/p>\n<p>However, when the matter came to the limelight, many in <a href=\"https:\/\/www.legitgambling.com\/cryptocurrency\">the cryptocurrency community<\/a> felt the verification process has been implemented due to Circle acquisition. The Boston-based firm is known for its strict adherence to AML\/KYC laws. However, even after getting verified, several customers were unable to trade or access their funds. This has caused an uproar in the social media.<\/p>\n<p>Depending on the nature of documents provided for verification, a user can either use manual or automated verification. However, some of the users who got verified through automated verification process were unable to place trades or access funds.<\/p>\n<p>The unofficial Poloniex Reddit forum is flooded with messages from disappointed and angry legacy users. Some of them have even level 3 verification, which allows withdrawals of up to $25,000 per day.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-7309\" src=\"https:\/\/www.legitgambling.com\/news\/wp-content\/uploads\/2018\/05\/poloniex-reddit.jpg\" alt=\"\" width=\"660\" height=\"346\" srcset=\"https:\/\/www.legitgambling.com\/news\/wp-content\/uploads\/2018\/05\/poloniex-reddit.jpg 968w, https:\/\/www.legitgambling.com\/news\/wp-content\/uploads\/2018\/05\/poloniex-reddit-768x403.jpg 768w\" sizes=\"auto, (max-width: 660px) 100vw, 660px\" \/><\/p>\n<p>There are also complaints about deposits which have not been credited, immense difficulty in getting account verified, and lack of warning before freezing accounts.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Back in December 2017, Poloniex, which was acquired by Goldman Sachs backed Circle for ~$400 million a month before, had announced all users, including legacy accounts, should undergo compulsory verification before the end of 1Q18. At the time of the announcement, Poloniex had not given any hints about its acquisition by Circle. However, when the [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[68,1],"tags":[],"class_list":["post-7307","post","type-post","status-publish","format-standard","hentry","category-cryptocurrency","category-usa"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Legacy Poloniex Clients Lose Access To Accounts Even After Verification<\/title>\n<meta name=\"description\" content=\"Social media platforms are flooded with messages from legacy Poloniex clients who are unable to make trades or withdraw funds even after completing the verification process.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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content=\"https:\/\/www.legitgambling.com\/news\/wp-content\/uploads\/2018\/02\/poloniex.jpg\" \/>\n<meta name=\"author\" content=\"Cameron Bishop\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Cameron Bishop\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/legacy-poloniex-clients-lose-access-to-accounts-even-after-verification\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/legacy-poloniex-clients-lose-access-to-accounts-even-after-verification\\\/\"},\"author\":{\"name\":\"Cameron 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