The surge of money/interest is a big part of it. So is the rapidly increasing sophistication of trading bots, malicious actors, etc. Poloniex seems to have weathered previous storms like this in the past, so (despite the scary signals they're sending by providing inadequate reliability and crickets for customer service) I'm not ready to panic just yet. Currently, I'm looking at mitigating risk by spreading my activity across Poloniex, Bittrex, Cryptopia, and OKcoin - with OKcoin mostly for LTC range trading.
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I may do the same, in diversifying across a couple of trusted providers. I am a little concerned with OKcoin as I see China coming down with strong regulations. But that is just me.
Concern over China's regulations seems fully warranted - but the LTC trading volumes on OKcoin are tempting me to risk it. My thinking is to never keep a balance greater than the daily withdraw limit, and maybe even move finds in/out for every trading session.
No risk, no reward. Best of luck and be ready to pull-out at the first sign of trouble.