FOR IMMEDIATE RELEASE
The Upcoming Ethereum Hard Fork
The Ethereum Foundation has proposed a hard fork in response to the DAO exploit, and the community has given this decision the green light. The hard fork will occur at block 1,920,000 on or around Wednesday, July 20th.
Since the selection of the winning blockchain is ultimately up to the miners, we will follow the path determined by the miners and the community and make plans to deprecate the losing blockchain.
As a Poloniex customer, you do not need to do anything. The migration will occur automatically, and your full balance of Ethereum will be transferred to the winning chain. Keep in mind that as we near the fork, we will be temporarily disabling deposits and withdrawals in preparation for the migration process. Trading will continue to operate as normal during this period. Once the network is stable and the migration is complete, we will enable deposits and withdrawals.
In addition, for those interested in keeping their tokens from the losing blockchain as a keepsake, we will support a one-time withdrawal of the deprecated tokens, provided that the losing chain is still functional when you attempt a withdrawal. Specific instructions on how to access your tokens on the old chain to follow.