what's poloniex?
Poloniex is a cryptocurrency exchange platform that enables users to buy, sell, and trade a wide variety of digital assets. Established in 2014, it has evolved into a hub for both retail and institutional traders, offering spot trading, margin trading, and futures markets. The platform supports hundreds of cryptocurrencies, including major ones like Bitcoin and Ethereum, as well as numerous altcoins and tokens across various blockchains. Users interact with Poloniex through a user-friendly interface that includes advanced charting tools, order books, and API access for automated trading. Security features such as two-factor authentication and cold storage for funds are implemented to protect user assets. The exchange also facilitates peer-to-peer transactions and lending options, making it a versatile tool for participants in the crypto ecosystem. Poloniex emphasizes accessibility with support for multiple fiat on-ramps and global user base, while complying with regulatory standards in various jurisdictions. Its integration with blockchain technologies allows for seamless deposits and withdrawals, contributing to the broader adoption of decentralized finance.
Poloniex faces a $27.5M FTX estate clawback for locked accounts, per a January 7, 2026 motion.
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x.com/poloniexFaces clawback action from FTX estate seeking to recover approximately $27.5 million in locked accounts allegedly belonging to FTX and Alameda Research at the time of the November 2022 bankruptcy filing, according to a motion filed on January 7, 2026.
The exchange brings back margin trading capabilities, restoring a feature from the old Poloniex era.
Poloniex and HTX withdraw large amounts from AAVE lending protocol.
Trader claims the exchange has outstanding debt of 100 BTC and altcoins dating back to 2016-2018, representing unresolved customer fund issues from that era.
Major crypto exchange connects key industry players, with ownership ties to both Circle (USDC issuer) and Justin Sun (major USDT minter), positioning it at the intersection of major stablecoin ecosystems.