The Case
So about a month ago I bought 14000 SiaCoin at around 320 Satoshi, I'd really grown to love Sia as a company, Their road map looks great, their development team are logical, intelligent and very pragmatic which is one of the companies most attractive qualities, Basically to explain Sia-Tech in very simple terms they are trying to create (or have started to create) a similar service to dropbox but using blockchain and decentralised software as a service, in this model you can either rent out your unused disk space or rent disc space in a Peer-toPeer capacity. Not only is this more safe and secure than dropbox but it's around 10x cheaper for cloud storage per GB. To make use of this service you'd need to work with their local crypto currency SiaCoin.
As you can see this company has lots of potential so back to my story, I bought this 14000 SC and a couple hours later POLONIEX disabled the SiaCoin wallet, It stated "Temporarily Disabled" so I figured it'd be back up in no time.
The Fight
A week went by, and after following the saga between the Sia Devs and POLO support, they were able to finally work together and get the wallet fixed, the wallet was re-enabled. Knowing what I knew now of the speed in which POLO actually solves issues I decided to take my SC out of POLO, I had read somewhere on reddit that some people were still having issues with withdrawal so I decided I'd only take 2000 SC to make sure it worked. Nothing. After several hours my 2000 SiaCoin hadn't appeared, I posted my troubles of Sia's reddit and the general consensus was that that it would eventually arrive.
POLO once again disabled the Sia wallet, at this point Siacoin was skyrocketting, it was up to 520 and climbing, I really wanted to move some Sia out of POLO to prevent myself from selling it all but POLO wallet was still down, so I decided I'd sell half Siacoin on POLO and buy on Bittrex because they'd had very few issues with their crypto's and support was apparently better.
The Scam
I sold SC at 580 on POLO, bought 4000 Sia on Bittrex and left it there, I really didn't like the feel of Bittex so after testing it out for a bit I wanted to move that Sia over to my Sia wallet, I moved the 2k from bittex to Sia Wallet without a single issue. POLO was eventually re- enabled, but I had still not seen my original 2000 SC, logged a ticket with support, 9 days later followed up with a message (This passed Friday) and still no response.
In the meantime SC has risen to 700 and fallen back down again to around 520 (still undervalued in my opinion), Now I'm sitting here going on nearly 3 weeks, not a single word from POLONIEX support, Trollbox was disabled due to people with open tickets complaining, basically I'm thinking that POLO may have just pulled off one of the biggest scams in the crypto world and there's absolutely nothing anyone can do about it. It's definitely not just me they've stolen from, even if it was just 2000 SiaCoin, today it would only be worth around $30, start calculating how many thousands of people could have been affected and how many of them would really have been heard if they complained?
POLO's payment history confirms that the money was sent successfully so really it is just my lonely voice buried beneath the many other issues this exchange has, Well done POLONIEX, you scammed thousands of people out of coin and still managed to remain the number two biggest exchange in crypto trading.
The Plea
Now I'm the first to admit that I'm no expert in crypto trading nor the ins and outs of my rights so Question I'm going to leave to this community is...
How far would you take it if it were you and what options do you really have?
Thanks guys!
