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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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Most Reported Problems
The following are the most recent problems reported by Bitfinex users through our website.
Live Outage Map
The most recent Bitfinex outage reports came from the following cities:
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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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RealEstateWars (@RealEstateWarz) reported
@chamath Can you please tell us what you think about the claims that Tether (via Bitfinex) is artificially propping up BTC by printing more and more Tether out of think air? And if you think this will cause BTC to crash again until the Tether problem is flushed out? Thank you!
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Brandon (@BranBTC) reported
@jiangji20 @FlintKaka @ki_young_ju The main problem in the past was when Bitfinex had their money frozen in a bank seizure (because they were forced to work with shadier banks because regular banks refused service), and tether lent them the money to cover the loss and used the IOUs as "cash equivalents"
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natural money (@naturalmoneybtc) reported
@SantiagoAuFund The partial backing issue (74%) was created by the seizure of funds, leading to the bitfinex capital injection. It's not exactly rigorous to use that event as a foundation for a broader claim of fraud.
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JCR Central (@jcrcentral) reported
@LukeMikic @glennhodl @RaoulGMI Unless the price of Bitcoin falls and the Tether group is using USD funds to pump the price of BTC. If Bitfinex is trying to time the trade and they are wrong - they won’t have enough USD to pay down USDT. And they are not required to per T’s & C’s. Scary.
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CryptoMinq (@CryptoMinq) reported
@TommyThornton 1/2 I don’t think I am an expert but I have followed this topic. Tether is not incorporated in the US and I doubt it will be ever proven that it is a fraud. Most likely it will simply disappear (there are other stable coins) and its parent company Bitfinex will shut down
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Lance_Handstrong (@LanceStronghan1) reported
@stbemi12 @BobLoukas Who cares, that will push BTC higher just like when bitfinex had the tether issue and everyone dumped USDT for BTC causing the price to rocket. People will just trade through USD on exchanges and people will use BTC as the medium even more than currently.
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Free Assange, now!! ALL lives matter!! (@MaxH66700380) reported
@TommyThornton Not an expert on it but here are my 0.02, digged into it a few years ago: #Tether probably wasn't fully backed for a while. However, fee & interest income at #bitfinex in 2017/18 most likely cured that for most part As of now I don't see any indication that this would be an issue
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Adam Dedanga (@adamdedanga) reported
@paoloardoino Perhaps an audit instead of a low IQ insult would put things to place. I think the image suites you guys at Tether/Bitfinex better. You really don't seem to understand that NORMALLY you'd do an audit of a big firm, especially one which claim to own $20B of USD to issue crypto $.
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RealEstateWars (@RealEstateWarz) reported
@michael_saylor Can you please tell us what you think about the claims that Tether (via Bitfinex) is artificially propping up BTC by printing more and more Tether out of thin air? And if you think this will cause BTC to crash again until the Tether problem is flushed out?
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Lance_Handstrong (@LanceStronghan1) reported
@stbemi12 @BobLoukas Who cares, that will push BTC higher just like when bitfinex had the tether issue because they dumped USDT for BTC. Then people will just trade through USD on exchanges and people will use BTC as the medium even more than currently.
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Tom R (@tomryujo) reported
@dkcrypto13 Stupid question: if Tether is a scam (thanks for highlighting the risks) why would non-Bitfinex exchanges like Kraken accept it? Isn't that a huge risk for them? Or is everyone in cryptoland just closing their eyes to the problem?
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JCR Central (@jcrcentral) reported
@TheMoonCarl Any concerns about the Tether / Bitfinex investigation? Given XRP shake out this stable coin issue is very concerning. Any thoughts?
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CryptoPivo (@CryptoPivo) reported
@RealWillyBot I know that part. I asked you where are the BTC in BitFinex coming from ? They, BitFinex are down to 82k BTC while Coinbase has 800k in their wallets. You dont have to explain me theory, be 100% sure I KNOW the theory, lets talk facts.. Where do BTCs in BitFinex originate from ?
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Adam Back (@adam3us) reported
@randomoracle @renepickhardt I've sent wires to and from bitfinex no problem, multiple times from europe. But your point about crypto only exchange moe is valid, just not for bitfinex: there are many smaller crypto only exchanges that dont have user bank wires. In a way tether outsourced that for them.
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JCR Central (@jcrcentral) reported
@SantiagoAuFund Given the outlook (and I am in agreement) would be really good to get some insights on the Tether / Bitfinex issue brewing. This has the potential to be a real issue with no audit and a pending investigation. Why isn’t this on everyone’s radar?
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Chackij (@dimachackij) reported
@bitfinex I just need only one binkoin to fix everything (T_T) plz help! I hope for a Christmas miracle... 17DzJbJCiDS9GiGFj76HHnp3mXHeGnxes3
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RealEstateWars (@RealEstateWarz) reported
@Scaramucci @SkyBridge Can you please tell us what you think about the claims that Tether (via Bitfinex) is artificially propping up BTC by printing more and more Tether out of thin air? And if you think this will cause BTC to crash again until the Tether problem is flushed out?
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jiang jieshi (@jieshi_j) reported
@HoekagePete @saxena_puru @bullmarketsco Full disclosure: Long BTC but agree with Puru Tether is a problem but this run has largely been fueled by retail (real fiat) purchasing. We can tell by charting the premium Coinbase's BTCUSD pair has over Bitfinex's (Tether) BTCUSDT pair.
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Nunya Biznez 🔴🔴🔴🔴🔴🔴 (@NunyaBiznez101) reported
@SeanG187 @J0E007 Ever since he put up that $10,000,000 short against Bitcoin when it was around 10K thinking it was going down to 3K again his favorite exchange "Bitfinex" countered and he ended up totally rekt beyond redemption. He's been bitter since...
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Crypto Solid Snake (@crypto_solid) reported
@genesisbloc I am hoping so these are the only things i see that can stop this: 1- China unfreezes miner bank accounts 2- The sec Sues Tether shuts down bitfinex and goes for binance and co next
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Nunya Biznez 🔴🔴🔴🔴🔴🔴 (@NunyaBiznez101) reported
@SeanG187 @J0E007 Ever since he put up that $10,000,000 short against Bitcoin when it was around 10K thinking it was going down to 3K again his favorite exchange "Bitfinex" countered him and he ended up totally rekt beyond redemption. He's been bitter ever since.
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Optimised Ethling (@anionpi) reported
@haydentiff @CryptoToby Has Bitfinex'd ever gone down this rabbit hole to your knowledge
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Mohammad Alipoor (@Mohamma06578001) reported
@bitfinex hello, I am sick and I live in difficult conditions. The person who reads this text may have so much money that if he gives me a small amount, there will be no problem for him, but for me Help me to help others one day This is my bitcoin address 1P2uuLVtqqVTJhCT6ceeEXssjWqWyRyDAZ
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Nunya Biznez 🔴🔴🔴🔴🔴🔴 (@NunyaBiznez101) reported
@SeanG187 @J0E007 Ever since he put up that $10,000,000 short against Bitcoin when it was around 10K thinking it was going down to 3K again his favorite exchange "Bitfinex" countered and he ended up totally rekt beyond redemption. He's been bitter ever since...
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Roberto Carbonell (@rlcarbonell) reported
@paoloardoino I am trying to reach out someone from the IT in Bitfinex due to an issue in your feed on Bloomberg. Can you send me a contact information where I can speak to someone? thank you.
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Crypto Dilettante (@akaj_poo) reported
@NormanPatell @paoloardoino @bitfinex May you scroll down his feed ...
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Rafael (@Greedisbest) reported
@SEC_News We are still waiting for the crack down on #tether and #bitfinex ! No action has been taken so far by your office.
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Nunya Biznez 🔴🔴🔴🔴🔴🔴 (@NunyaBiznez101) reported
@SeanG187 @J0E007 Ever since he put up that $10,000,000 short against Bitcoin when it was around 10K thinking it was going down to 3K again his favorite exchange "Bitfinex" countered him and he ended up totally rekt beyond redemption. His been bitter ever since...
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Zia (@milkyway911) reported
@AlexSaundersAU @Tether_to The issue with $USDT goes back to 2018. (1) heavy printing by #Tether in early 2020 (2) huge purchase of $BTC on #Bitfinex platform with $USDT pair. (3) capitalization issues at #Tether
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Nouriel Roubini (@Nouriel) reported
The trigger for the Bitcoin bubble to burst may be running out of suckers or other law enforcement action most likely the possible indictment of Tether & Bitfinex that are the main tools to manipulate BTC as academic studies have shown. So timing issue is when indictments occur!