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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
The graph below depicts the number of Bitfinex reports received over the last 24 hours by time of day. When the number of reports exceeds the baseline, represented by the red line, an outage is determined.
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Community Discussion
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Bitfinex Issues Reports
Latest outage, problems and issue reports in social media:
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Liberty Daddy (@LibertyDaddy) reported@Altcoin_hunterG @rektfencer That's not a very smart whale dumping 45% from the ATH. How did a moron like that get that much BTC to begin with? Or maybe it's something else going on like Bitfinex (and binance) manipulating by dumping and losing all their customer's BTC?
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wittery (@midwit_retard) reported@Wild_Randomness @ch1ckenNS correlation def works but feels like some weird data issue? where does this long accumulation data on bitfinex come from eve..
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Wu Blockchain (@WuBlockchain) reportedBitfinex Bitcoin Margin Longs Rise to Highest Level Since December 2023 TradingView data shows Bitfinex bitcoin margin longs rose to 80,636 BTC, the highest since December 2023, despite bitcoin falling for five straight trading days from May 15 to 19. Longs increased about 1.5% in recent days and roughly 10% year-to-date, while bitcoin is down 13% this year and has slipped from above $80,000 to around $76,000. Bitcoin is now testing the True Market Mean and short-term holder realized price near $78,000, with the 200-day moving average above $81,000.
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ddadybayo (@ddadybayo) reportedThis 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.
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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.
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Orion Veyr (@orionveyr) reported@Stacks @bitfinex I’m actually writing a book called “Sats & Stacks”on monetary history that has Bitcoin and Stacks as main characters. Until the book is out I built a FREE course on my website based on the book No ads, no fee, simply go on the website from my profile bio and all happens there.
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Dr Hamdard office (@RektRidgexca2) reportedBTC momentum cooling with 3 red flags: slowing US buy-side, whale concentration on Bitfinex, and on-chain metrics flashing warning. Eyes on support levels through the Vegas conference. #Bitcoin
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DMT-NAT 小果果(晨曦) (@nat_xgg2288) reported@fiatarchive Remaining BTC Supply Projection April 2026 Remaining: 984,370 coins (Block reward per block: 3.125 BTC) April 2027 Remaining: 820,310 coins (Block reward per block: 3.125 BTC) April 2028 Remaining: 656,250 coins (Block reward per block: 1.5625 BTC) April 2029 Remaining: 574,210 coins (Block reward per block: 1.5625 BTC) April 2030 Remaining: 492,180 coins (Block reward per block: 1.5625 BTC) April 2031 Remaining: 410,150 coins (Block reward per block: 1.5625 BTC) April 2032 Remaining: 328,120 coins (Block reward per block: 0.78125 BTC) April 2033 Remaining: 287,100 coins (Block reward per block: 0.78125 BTC) April 2034 Remaining: 246,090 coins (Block reward per block: 0.78125 BTC) April 2035 Remaining: 205,070 coins (Block reward per block: 0.78125 BTC) April 2036 Remaining: 164,060 coins (Block reward per block: 0.390625 BTC) April 2037 Remaining: 143,550 coins (Block reward per block: 0.390625 BTC) April 2038 Remaining: 123,040 coins (Block reward per block: 0.390625 BTC) April 2039 Remaining: 102,530 coins (Block reward per block: 0.390625 BTC) April 2040 Remaining: 82,030 coins (Block reward per block: 0.1953125 BTC) By the completion of the 7th halving (projected April 2036): Total Bitcoin minted: 20,835,937.5 coins Total Bitcoin left unmined: 164,062.5 coins This means that by April 2036, 99.22% of Bitcoin’s total supply will have been fully mined. The gradual depletion of block rewards is hardcoded into Bitcoin’s protocol and can be calculated with absolute precision, yet most people fail to grasp this reality, refuse to believe it, or simply deny this inevitable outcome. Let us break down a critical question: Can Bitcoin sustain steady operation all the way to the 7th halving in April 2036 relying solely on its current block reward model? A simple cost analysis lays bare the issue. The current mining cost per Bitcoin stands at roughly $75,000. After three more halvings, mining costs will surge eightfold, pushing the cost per coin to $600,000. At that price point, Bitcoin’s overall total market capitalization would need to top $12 trillion. By contrast, the total hardware value of all Bitcoin mining rigs across the globe is only around $7 billion. How can a $12 trillion market be supported by merely $7 billion worth of mining hardware? This is utterly illogical and devoid of basic market sense. Are all institutional investors and capitalists in this space ignorant or irrational? This scenario completely defies commercial logic and fundamental capital principles. Scaling up network hash rate will only drive mining costs higher, amplify operational losses, and accelerate the onset of a death spiral. This is an unsolvable dead end under the existing rules—there is only one fix: expand block reward supply. The solution: #NAT #NAT is a native asset built directly on the Bitcoin mainchain. It shares identical hash power, blockchain, block generation cycle and wallet address system with Bitcoin, minting synchronously every ten minutes within each block. It functions as the secondary native asset minted in parallel within every Bitcoin block, Bitcoin’s twin asset sharing the same foundational blockchain infrastructure. Two of the world’s top 4 mining pools, SpiderPool and F2Pool, have already begun distributing #NAT to miners. The entities with the most to lose are the major Bitcoin holders ranked below: 1. Coinbase (Exchange + ETF custody): 976,000 BTC 2. Strategy (formerly MicroStrategy, public listed firm): 845,300 BTC (Latest financial filing update, June 8) 3. BlackRock IBIT (iShares Bitcoin Spot ETF): 817,100 BTC 4. Binance (User exchange reserves): 631,000 BTC 5. BTC seized by the U.S. government: 328,400 BTC 6. Fidelity FBTC ETF: 190,000 – 200,000 BTC 7. Grayscale GBTC: 144,000 BTC (Sustained net redemptions and drawdowns) 8. Bitfinex Exchange: Approximately 195,000 BTC
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ryonnixon (@ryonnixon) reportedI 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.
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ArsObKSC (@DereckWDew) reported@GavinMehl It stinks of desperation. The only involvement Craig would have because that he created bitcoin. This seems like Bitfinex oh, **** let's get them before it all implodes move—un tethered or micropenis strategy
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Morphlin (@morphlin_com) reportedRT @BFXSecurities: Bitfinex customers previously needed a separate sub-account to access tokenised securities. That requirement is gone. R…
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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
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Coca Cola Kid (@CocaColaKid_OG) reportedDrag Bitfinex BTCUSD LONGS back down to 80K. They never sell at a loss.
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EyeOnChain (@EyeOnChain) reportedAbraxas Capital isn't slowing down its ETH buying. Over the past 7 hours, Abraxas Capital has withdrawn more than 15,477 ETH, worth over $29.88 million, from major exchanges. That brings its total ETH accumulation over the past week to more than 48,996 ETH, valued at over $88 million, withdrawn from Binance, Bybit, and Bitfinex. The steady stream of exchange withdrawals suggests Abraxas continues to aggressively accumulate ETH rather than keeping it on trading platforms.
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Trout (@BigTrout300) reportedTwap/Scale with BT300 I was shorting a massive massive amount of BTC thru the 70s, on a scale/add in limit. 1. When you have conviction, know a market is coming into resistance, pick a decent leverage point where you're comfortable sizing. (similar on the long side) 2. Let's say I am short 3x at 76k, and I know the market is gonna stop within 10k price (86k being max range), I will scale in ontop of my order starting at 76k, all the way to 86k. so it looks like: $100k position, 10% of Port. Enter 76k $50k, scale limit 76.5k - 86k. (200d SMA was target) additional $50k ($100k total position size) is scaled in. (Ai generated image for example) 3. Use other factors like a vwap, moving average, tpo, delta, order books, metrics to help validate this thesis. (IE I was watching USDT.D, ATH VWAP & Bitfinex longs) 4. You can do this with longs too. When breadth flashes in the SPX, CTAs start going, the trend is gonna be up.. asset isnt as flimsey as a single stock, penny stock or a dogshit alt coin. 5. Once you understand the BitFinex long rate ****, you will understand their intial position, and why they size it when the market pulls back (They're already long sub 30k, they can begin filling) 6. Using this scale method, also brings your liquidation point lower (because you're scaling) so if price goes up/down, you have a free-er chance of getting out at less loss, + you might actually go in profit sooner.
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0xLaplace 🔺 (@0xlaplaced) reportedBitfinex survived by making everyone share the wound. Customer balances were cut by about 36%. In return came BFX debt tokens: $1 for every dollar lost. Hold, sell, or swap them for equity. Within eight months, Bitfinex redeemed the tokens. The bitcoin remained gone.
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Giacomo ShadowUNbanned Zucco (@giacomozucco) reported@gegelsmr4 Interestingly enough, this (interesting) ethical problem is only practically relevant if you are going to send the feds after them. Which is a retarded thing to do anyway, since the feds steal much more money (with violence and guns, not "finding" it) and even if they caught the attackers would keep the loot for themselves (cf Bitfinex). So it's a theoretically important question which cyphertank theory makes irrelevant: just make your keys hard to find.
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Julian (@Julian_a35k) reportedAs long as Bitfinex whales are accumulating longs we are not near a cycle bottom and this chart is telling pretty much the truth about the current situation. Historically every time when they were opening longs Bitcoin went down. But as soon as this reverses a bullrun could accelerate fast.
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Conviction Labs | NVISION (@Conviction_Labs) reported$BTC Bitfinex margin longs added a lot on this move down to 59k. Means a HUGE reversal by EOY.
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RelativelyIrrelevant.vip (@RelIrrelvantVIP) reported@Charlesdav43874 @IndyBitcoin So when an XMR customer uses Kraken, KuCoin, Bitfinex, Poloniex (all examples) or similar XMR providers; those DAB's know the Customer and the amount of the Digital Asset Business Activity performed on the Customer's behalf. Those XMR DABAs would not be anonymous & are taxable.
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Victor (@gvictor808) reported@ProofOfMoney Bitcoin custodian (and exchange) failures form a long-running pattern of hacks, key mismanagement, fraud, and insolvency that has repeatedly locked or destroyed customer funds. These are not isolated events. Centralized platforms holding private keys create single points of failure—whether technical, operational, or human. Major Historical Failures Platform Year Estimated Loss Primary Cause Notes Mt. Gox 2014 ~850,000 BTC Prolonged security breach / poor controls Once handled >70% of global BTC volume. Bankruptcy; partial creditor repayments began years later and continued into 2025–2026. Net unrecovered portion still very large. Bitfinex 2016 119,756 BTC Multi-signature wallet vulnerability Significant hot-wallet/security failure. QuadrigaCX 2019 ~76,000 BTC + other assets Founder death + sole key control / alleged fraud Canadian exchange; Gerald Cotten held sole access to cold wallets. Funds largely inaccessible. Celsius 2022 Several billion USD Insolvency / risky lending Withdrawal freeze then bankruptcy after market downturn. FTX 2022 ~$8 billion shortfall Fraud (customer funds diverted to Alameda) One of the largest exchange collapses. Bankruptcy proceedings later recovered substantial value; some creditor classes received >100% of petition-date claims due to market recovery and asset management. Other notable cases include Prime Trust (2023) and related entities such as Fortress Trust, which faced insolvency, lost access to wallets/keys, and allegedly used customer funds improperly to cover shortfalls. Broader Context and Patterns •Hacks remain common (e.g., Bybit’s large 2025 incident involving ~$1.4–1.5 billion, primarily ETH, attributed to sophisticated attackers exploiting operational processes). •Key management failures (lost or inaccessible private keys) and commingling/misuse of customer assets appear repeatedly. •Insolvency cascades in 2022 (Celsius, Voyager, BlockFi, Genesis, FTX) showed how lending and leverage amplify risks when platforms treat customer deposits as their own capital. •Recovery is often slow and incomplete. Mt. Gox creditors waited a decade-plus; FTX moved faster with better asset recovery but still involved multi-year processes and frozen access during bankruptcy. Independent archives tracking custody access failures (including exchange lockouts, inheritance issues, and operational barriers) document hundreds of cases, with a high percentage of known outcomes ending in blocked or constrained access for legitimate owners or heirs. Key Lessons Custodial arrangements introduce counterparty risk: you rely on the platform’s security, honesty, solvency, and operational competence. History shows these can fail catastrophically even at large, seemingly reputable firms. Self-custody eliminates that counterparty risk but shifts responsibility to the individual (seed phrase security, device integrity, inheritance planning, etc.). Hybrid approaches (e.g., multisig with careful key distribution) aim to balance the two. The repeated failures reinforce the core Bitcoin principle: not your keys, not your coins. Platforms can and do lose or lock customer Bitcoin through negligence, theft, or deliberate misuse.
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The Block (@TheBlockCo) reportedTHE BLOCK: Bitcoin bitcoin:native sat near $64,000 despite $211.5 million in spot BTC ETF inflows Tuesday and a record S&P 500 close. Bitfinex, Glassnode, and Wintermute all read the same tape: bottom signals forming through boredom, not capitulation, with no demand engine behind them yet.
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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.
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NineInchTrails (@nineinchtrails) reportedBTC We went lower. And imo BTC looks like it wants to go lower soon again with breaking $60k eventually. Several BOSs. Closed below demand. Closed below CME gap. Closed below HTF range EQ. USDT.D now BOSs after the SFPs after the bullish 3 drives. Very bullish structure. Confirmed accumulation imo. Also crossed several fibs already. Now in supply. But overall imo USDT.D looks like it wants even higher. All on the daily as well. BVOL out of support. BTC Longs on Bitfinex moving up nearing the next supply level that could indicate a possible local bottom of $44k-$48.9k. So a clean HTF redistribution to me here. The level between $68kish and $70kish acted as a strong "downside trampoline" like I thought. CME Gap + FVG + Range EQ + strong bullish level before at the move up. Things further speed up in terms of going down as thought. Don't know if it's just a coincidence and bs or if I turned knowledge into correct learnings. Waiting for a close below $62.kish SL for confirmed SOW. And as far as I get it there's also no real HTF liquidity there. Would support the idea of a further fast move down. And I think if we close below the $60kish low the probability is very high that we could go all the way down to the $44k-48.9k region for the next local bottom afterwards. FIFA World Cup could act as a nice distraction then maybe, to make the herd believe "everything is good, it's already going up again". HTF Bias: still bearish Main Thesis: we could go below the Feb 6th $60.kish low. Invalidation: in case we should close above $90.kish we have a bullish ChoCh on the daily. // As already stated often but again here and there: Below a TA beginner and not trading yet. So just paper trading here for improving TA.
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Marketmindpro30 (@Marketmindpro30) reportedBitfinex margin longs just hit a 2.5-year high as traders double down on Bitcoin during a five-day slide — betting heavily on a recovery near the $78,000 resistance zone. (The Block) The most contrarian traders alive are loading up RIGHT NOW. Not after the pump. During the pain.
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Bitfinex Replies (@BitfinexReplies) reported@bitfinex @WSJ For Bitcoin, resistances were made to be broken over time.
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Bitcoin Well (@bitcoinwell) reportedTether 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.
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KOLYAN TREND (@kolyan_trend) reportedALERT: Bitfinex analysts warn Bitcoin faces a key resistance at $85,900 that could cap any recovery rally, as $584 million in long positions were liquidated in a single session. BTC is testing support near $76,318, the May monthly open, while stablecoin supply sits at a record $322 billion. $BTC
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Crypto Why Bother (@CryptoWhyBother) reportedBitfinex whales - let's call them Smart Money - have a history of counter-trading the "dumb" retail crowd. January-February 2026: increasing bitcoin:native LONGs on the way DOWN THEY BUY BEFORE THE UPTREND. 🚨 Since May 16 we have: - bitcoin:native crawling higher after rejection around 82K - Bitfinex whales INCREASING their LONGS even more What do they know retail doesn't? 🚀
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Trout (@BigTrout300) reported@SupremeNagus Spoofy, OG Bitfinex whale / the exchange has contacts with always spoofs bids / asks / gets mms/people to chase him he just ran the price up, and is now dropping his "buy wall spoof" as price goes down again ( baiting to not get filled but walking it down)