.Poloniex is behind a record-breaking surge in account deletions on XRPL
Considering Poloniex's deletion of 15,000 accounts, the total burned in fees is substantial, and this could grow considerably, given that Poloniex is reported to have a total of 84,000 accounts. If all of these accounts are deleted, it could result in a burn of 168,000 XRP.
Surprisingly, it appears that the exchange had created individual accounts for each of its users, maintaining the minimum reserve balance for each. This outdated practice seems to have been the result of ignorance or oversight regarding the use of destination tags, a feature in XRP Ledger that allows for the efficient grouping and identification of transactions to a particular party. Poloniex seems to have since moved to a destination tag-based model.
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