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Poloniex Suspends Monero Withdrawals to Prevent MoneroV Fork Adoption

The cryptocurrency exchange, Poloniex, has chosen to pause all Monero deposits and withdrawals until the infamous MoneroV fork is launched. Their reasoning for this is to allow for the network to ‘stabilize.’ In their statement, Poloniex makes it clear that they will not be supporting the MoneroV (XMV) fork, and as a means of hindering its adoption, they are preventing users from trying to trade with it.

The MoneroV hard fork is due to occur on May 2, 2018, which is slightly later than exchanges like Poloniex expected. The hard fork will take place on block #1564965. The fork will not be supported by MyMonero.

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