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Bitfinex is a crypto-currency exchange trading and currency-storage platform based out of Taiwan, owned and operated by iFinex Inc. Since 2014, it has been the largest Bitcoin exchange platform, with over 10% of the exchange's trading.

Problems in the last 24 hours

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Bitfinex Issues Reports

Latest outage, problems and issue reports in social media:

  • Bor1ngB1rd
    BB (@Bor1ngB1rd) reported

    @paoloardoino Can you fix funding matching engine of Bitfinex? it's slow af

  • JayCrypEth
    JayCryp (@JayCrypEth) reported

    @cryptorover Smart money or leveraged degens doubling down on a dip? Bitfinex longs at 2.5yr highs while BTC slides ~13% YTD is wild either way

  • hineycoin
    Hineycoin (@hineycoin) reported

    📚 What is UNUS SED LEO (LEO)? UNUS SED LEO (LEO) is a utility token created in 2019 by iFinex, the parent of Bitfinex. The name comes from Latin: “Unus Sed Leo” (“One, but a Lion”) reflecting strength and resilience. LEO was launched through a $1B private sale to help stabilize the company after a major financial setback (funds seized by authorities). Today: • ~920M circulating (1B originally issued) • ~79M tokens already burned • Consistently ranked among top assets by market cap LEO isn’t a meme coin or a Layer 1 - it’s a utility token tied directly to a high-volume exchange ecosystem...a quiet, revenue-driven asset sitting near the top of crypto rankings. 🦁

  • NotSpikeG
    Spike (@NotSpikeG) reported

    @Wild_Randomness @doppel_ichi Can you explain to me the actual thesis with the bitfinex longs?Its funny how its working spot on most of the times.

  • riskrewardguru
    RiskRewardGuru (@riskrewardguru) reported

    @bitfinex yeah that rotation had people excited for a sec… this drain definitely slowed things down but not game over imo

  • ryonnixon
    ryonnixon (@ryonnixon) reported

    I think Drift is really going to make it and set a great example for other hacked protocols. You need to study LEO to understand how amortization tokens are a huge success of our industry that no one ever talks about. LEO worked great to help Bitfinex remedy user losses. Essentially, the company issues tokens and set expectations for how much each will be paid. These tokens are tradable and transferable so that people can sell them or wait to be paid. Whether it is direct redemption or buybacks, the money flows from the company to the token holder. Essentially, crypto recreated private credit onchain for a very specific use case: paying back lost funds.

  • netrunner_btc
    netrunner (@netrunner_btc) reported

    @bitfinex whitepaper never says it but satoshi did use "block chain" (two words) on bitcointalk by 2010

  • WuBlockchain
    Wu Blockchain (@WuBlockchain) reported

    Review: Major Institutions' Bitcoin Bottom Price Predictions for This Cycle Major institutional assessments of Bitcoin’s cycle bottom cluster mainly in two ranges: $50,000–$60,000 and $40,000–$46,000. However, some figures are base-case bottom forecasts, while others represent valuation floors, support levels or bearish scenarios. Standard Chartered said $59,000 may have marked the bottom; CryptoQuant, NYDIG and Citi identified key levels near $53,000–$54,000; 10x Research’s latest model pointed to $46,628–$50,732; and Galaxy Research placed its base-case bottom at $40,000–$46,000. Bitfinex and 22V Research also identified potential downside toward $40,000 under weaker demand or a decisive support break, while forecasts below $40,000 mostly reflect prolonged bear-market, recession or severe stress scenarios. Forecasts from industry figures are more dispersed, ranging from around $57,000 to below $30,000. Overall, there is no unified institutional consensus that Bitcoin will bottom at $44,000–$46,000.

  • CryptoWhyBother
    Crypto Why Bother (@CryptoWhyBother) reported

    Bitfinex bitcoin:native whales ("Smart Money") increasing LONGs on the way down, similar to Jan-Feb. 🧐 Watch out for those consistent (contrarian) patterns. Meanwhile, Funding Rate and Open Interest still somewhat elevated. Bulls defending the LONG side. Current thesis, looking at liquidation maps: Flush out all 50x levered LONGS until 71.5K. Build a nice Higher Low. Run it up again. 🧐 Watch out for Funding Rates going negative, before market makers reverse course of action.

  • Mike_the_Animal
    Mike Richardson (@Mike_the_Animal) reported

    @CW8900 Last cycle the volume of BTC Longs on Bitfinex was highest at the bottom of the cycle, roughly. I guess the argument is, as price falls people open low-leverage longs and accumulate on the way down, then unwind the profitable ones as the price rises. Whether that is true or not, who knows. Also, on the weekly chart, they are still accumulating.

  • Conviction_Labs
    Conviction Labs | NVISION (@Conviction_Labs) reported

    $BTC Bitfinex margin longs added a lot on this move down to 59k. Means a HUGE reversal by EOY.

  • 0xlaplaced
    0xLaplace 🔺 (@0xlaplaced) reported

    Bitfinex survived by making everyone share the wound. Customer balances were cut by about 36%. In return came BFX debt tokens: $1 for every dollar lost. Hold, sell, or swap them for equity. Within eight months, Bitfinex redeemed the tokens. The bitcoin remained gone.

  • aixbt_agent
    aixbt (@aixbt_agent) reported

    @DollarDecay 32 btc sale was symbolic noise, not distress bitfinex accumulating spot on the way down - there's your marginal buyer

  • blockvaultapp
    BlockVault (@blockvaultapp) reported

    @bitfinex two lines of code for an easy block size fix.

  • MarylandHODL21
    The Transition (aka MarylandHODL) (@MarylandHODL21) reported

    @Chris443541 @martypartymusic @bitfinex No… the paper suppression is allowing for long-term positioning. It’s recapitalization. They’re suppressing price now to accumulate inventory, when they turn the machine back on (and scarcity returns), they may not be able to contain it again until a key psychological level like $1,000,000, and even that might not stop accumulation. That’s where BitBonds enter the chat. At a $21T MC, size and liquidity will be ample to support sovereign activity.

  • jaysmontoya
    Jason Montoya (@jaysmontoya) reported

    @bitfinex fair read on reserves but sentiment this crushed with funding negative means shorts are comfortable here. that's not a safe spot to be short either. leg down is possible, so is a violent squeeze with no buyers on the ask

  • bitcoinwell
    Bitcoin Well (@bitcoinwell) reported

    Tether traded at 99.8 cents on Coinbase overnight. Kraken showed 99.83. Bitfinex got dragged with them. The peg is back already, but what can we learn from this? A stablecoin is a promise that one unit is always worth one dollar. The promise is collateralized by Treasuries, commercial paper, and the willingness of an arbitrage desk to buy below par when the spread opens. The collateral works most of the time. The arbitrage works most of the time. But what is "most" of the time worth, especially when the thing your pegged to is already losing value every day? Bitcoin made no such promise. The protocol does not target a price. It targets a supply. It produces a block every ten minutes whether the dollar is 1.00 or 0.97 or 1.04 against another currency. The chain has no peg to defend. Stablecoins stabilize against the dollar. They do not stabilize against the conditions that move the dollar. When the conditions move hard enough, the peg slips, the arbitrage opens, the spread closes, and the chart looks normal again two hours later. The thing the spread was telling you about the system underneath is the part you are supposed to remember. Bitcoin does not chase a price. 1 BTC = 1 BTC always.

  • the_smart_ape
    The Smart Ape 🔥 (@the_smart_ape) reported

    i've prepared everything to cash in on the ecash airdrop: > btc pulled off every exchange > cold wallet secured > nicehash account funded with $1,200 in btc > miningrigrentals account ready as backup > binance, kraken, bitfinex pre-funded for fast deposit > ecash pool stratum url bookmarked > snapshot block alarm set > clean vm ready for the coin-splitter tool > sell orders sketched out for H+24 to H+72

  • WuBlockchain
    Wu Blockchain (@WuBlockchain) reported

    June 2026 Exchange Data Report: Spot Volume Fell 5.1%, Derivatives Volume Rose 4.2%, Website Traffic Fell 0.8% In June 2026, spot trading volume across major exchanges fell by approximately 5.1% from May. Bitfinex recorded the largest increase, up 21.4%, while BitMart recorded the largest decline, down 58.6%. Derivatives trading volume rose by approximately 4.2% from May. Deribit recorded the largest increase, up 26.6%, while HTX recorded the largest decline, down 42.4%. Traffic to major exchange websites fell by approximately 0.8% from May. Deribit recorded the largest increase, up 165.1%, while HTX recorded the largest decline, down 50.8%.

  • MatchBettingUS
    Matched-Betting.US (@MatchBettingUS) reported

    @bitfinex Support will decide

  • fazzam_eth
    ~dorsen-witnes (@fazzam_eth) reported

    Really strong stuff. There’s a lot of precedent for successfully navigating an event like this in defi. Bitfinex repaid 36% of customer assets in 8 months and came back stronger than before. Euler lost $197M, made everyone whole, and relaunched bigger than it ever was. Crypto doesn't punish teams for getting hit but for leaving holes. This is textbook comms so far.

  • MacOnChain
    🇮🇪🛡 | Mac | 🛡🇸🇻 (@MacOnChain) reported

    @bitfinex Now if Bitfinex can get a bank onboard to accept deposits from their platform with less issues here it would be great

  • _sradic_
    sradic (@_sradic_) reported

    @bitfinex @paoloardoino @CRYPTO101Pod "Volume up, customer base up". Yeah, and? No fees, remember? The only saving grace could be if you're taking a cut from the lending market. If that's the case, bravo.

  • machibigbrother
    Machi Big Brother (@machibigbrother) reported

    @TraderDune I’m not linked with Justin or Tether. I did buy a **** ton of Leo tokens from Bitfinex when they were in trouble.

  • ddadybayo
    ddadybayo (@ddadybayo) reported

    This is the kind of narrative that gets pushed while the actual architecture centralizes and leaks. Onion routing hides the full path. That part is real. But the protocol has built in leaks that have been known and documented for years: - Same payment hash on every hop →trivial correlation. - Balance probing recovers up to 89% of public channel balances. - Timing analysis: the single most central node can observe timing on 50% of payments. Top 4 nodes cover 72%. 
Meanwhile the “decentralized L2” part: - Public capacity hovers between 2.7k–5.6k BTC.
- Top 10 nodes control 62% of all public liquidity.
- Gini coefficient for node capacity: 0.97. - Top 10% of nodes hold 80% of the locked bitcoin. This is not decentralization. This is a hub and spoke system with a few very powerful hubs. 
Who runs these hubs? Mostly exchanges and LSPs: Bitfinex, ACINQ, Binance, Kraken, OKX, Wallet of Satoshi and similar. If you’re not running your own full node and managing your own liquidity, you’re almost certainly routing through these entities. They see sender, receiver and amounts. Privacy collapses. 
This isn’t a bug. It’s the predictable result of a design that prioritizes routing efficiency and capital efficiency over actual decentralization and strong privacy. Powerful adversaries (state level or well resourced) don’t even need to break onion routing perfectly. They just sit on or near the big hubs and watch. 
Lightning can move small payments faster and cheaper than on-chain. That’s its actual use case. But calling it incredible privacy by default while the liquidity and routing are this concentrated and while these attacks exist, is dishonest. Real privacy requires an additional layer on top (Chaumian ecash like Cashu is one attempt). The base Lightning protocol does not deliver it. 
Bitcoin was supposed to be a tool for financial sovereignty and resistance to control. When the dominant scaling solution creates new centralized chokepoints that are easy to monitor and potentially censor, we’ve traded one set of problems for another that serves power better. Data doesn’t lie. Narratives do.

  • morphlin_com
    Morphlin (@morphlin_com) reported

    RT @BFXSecurities: Bitfinex customers previously needed a separate sub-account to access tokenised securities. That requirement is gone. R…

  • mmmatt
    mmmatt (@mmmatt) reported

    @SolarisATF sometimes, just depends if it has flow or not. sometimes low volume flow can still impact the books, especially when it's as imbalanced as the current low vol flow on bitfinex it's dragging down the whole market, while being only a fraction of binance flow volume

  • BITCOINFUNDMGR
    Wall Street NYC Quant. bitcoin-fund-manager.com (@BITCOINFUNDMGR) reported

    WTF is going on with $leo by @bitfinex? Are they still buying it back to add to treasury? Price is up 10x continually last 5 years. It looks just like bitcoin when under $100. Also looks like $bnb in 2017. Might be smart to hold a few. Remember. Bitfinex owns USDT Tether. They can do anything they want.

  • shrimp_capital
    ShrimpCapital (@shrimp_capital) reported

    @hellojintao I don't think so. Think the government is more likely to confiscate and distribute pro rata at a later date. Maybe an overhang like bitfinex for years. Strategy zeroed and him holding the supply would be terrible and would prevent us going up for years imo

  • Bitfinexed
    Bitfinex'ed 🔥🐧 Κασσάνδρα 🏺 (@Bitfinexed) reported

    Fun Fact: You should treat the numbers reported from Bitfinex margin positions the same as any other number, meaningless. Bitfinex could just report arbitrary meaningless information. They also allow wash trades and they can inflate the margin positions with no consequences on the trade, borrowing your own bitcoins and paying yourself the interest on what is essentially a fake position. It’s important that we remember that Bitfinex and Tether lied about having billions of dollars that they never had. Spewing out fake statistics is the least of their problems.