Poloniex establishes $100M user protection fund

Cryptocurrency exchange Poloniex announced it has established a $100 million user protection fund, creating a dual asset protection system in combination with its existing proof-of-reserves framework. Founded in the U.S. in 2014 as a hub for altcoin trading, Poloniex withdrew from the American market after its acquisition by Tron (TRX) founder Justin Sun in 2019. The exchange has been aggressively listing memecoins since 2025.