If this is true that mean 290M BTS is Burn which is positive news for BTS Investors but bad news for those who have BTS in Poloniex. Anyway, if there is mass BTS withdrawal fro Poloniex, Poloniex need to buy BTS from other market which will push the price up.
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It'd also be bad if when users can't withdraw they dump for BTC on polo to escape with what value they can claw back with their fake BTS.