Poloniex’s New Tron-Powered IEO Platform Moves Exchange Closer to Justin Sun’s Orbit
The new platform uses Tron's TRX token for purchases and its first project is within the Tron fold.
The Ontario Securities Commission says the Seychelle Islands-based trading platform did not register as an exchange.
EXMO has confirmed an estimated $4 million of cryptocurrency was stolen through the exchange Poloniex during a hack on Dec. 21.
The soon-to-be public company is still dealing with Poloniex’s legal woes despite cutting ties in 2019, with securities and sanctions fines to be paid.
Bittrex and Poloniex were added to the class-action lawsuit as defendants in June.
An amended lawsuit alleging Tether and Bitfinex manipulated the bitcoin market is now claiming Poloniex and Bittrex were also involved.