Dear Members of the Einsteinium Community,
In light of recent information from the United States Securities and Exchange Commission (SEC) regarding an investigation into the Poloniex exchange, we wanted to alert our members on the situation.
“Under the Plan, the Poloniex Fair Fund will be distributed to compensate investors (‘Investors’) who paid fees to transact in certain crypto assets on the Poloniex trading platform during the period between August 1, 2017 through November 30, 2019, inclusive (the ‘Relevant Period’) under the following symbols: NAUT, NOTE, SJCX, BELA, BCY, FLDC, FLO, PINK, RADS, BLK, NXC, RIC, XVC, BTCD, BTM, EMC2, GRC, POT, VRC, XBC, NEOS, AMP, EXP, GNO, BCN, GAME, NXT, DCR, GAS, LSK, OMNI, REP, and ARDR”
“The Fair Fund includes the $10,388,309.10 paid by the Respondent. The assets of the Fair Fund are subject to the continuing jurisdiction and control of the Commission. The Fair Fund and has been deposited in a Commission-designated account at the U.S. Department of the Treasury, and any interest accrued will be added to, and become part of, the Fair Fund.”
SEC Commission’s Order: Release No. 34-96779
https://www.sec.gov/litigation/admin/2023/34-96779.pdf
Additional information is available at the SEC website, contact them for any legal questions.
In the Matter of Poloniex, LLC Admin. Proc. File No. 3-20455 https://www.sec.gov/enforcement/information-for-harmed-investors/poloniex
We will alert the community when new information becomes available.
Signed,
Leadership of the Einsteinium Foundation
