Poloniex Exchange Resumes Trading After Rolling Back “12 Minutes” Of Trades

Recently Justin Sun's purchased exchange, Poloniex, announced a maintenance delay on its trading platform as the exchange faced a bug in the system on Monday, 10^th February 2020.

The suspicious bug is however reported to have originated from the development team which caused a number of problems on the platform and forcing the Poloniex maintenance team to shut down the system for about 12 minutes.

In a thread of tweets, the cryptocurrency exchange support team wrote,

Today, at 17:53 UTC, we introduced a bug that briefly caused trades to be executed erroneously. Our automated balance audits caught the error and placed the site into maintenance mode. We have identified the bug and deployed a fix.

— Poloniex Customer Support (@PoloSupport) February 10, 2020

While the issue may have aggravated Poloniex critics and some of the exchanges traders who were affected (the report did not give details on volumes that were affected or number of users affected), the exchange seemed to have effectively solved the problem without a fuss.

To address any inaccurate accounting the bug caused, we are rolling back 12 minutes of trade history, from 17:53 UTC to 18:05 UTC on February 10, 2020. Any orders that were placed or executed during this time have been removed from the system.

— Poloniex Customer Support (@PoloSupport) February 10, 2020

The exchange has since resumed all services, fully opening both deposits and withdrawals of funds from the platform.