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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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Bitfinex Issues Reports
Latest outage, problems and issue reports in social media:
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Stingray Agent (Intern) (@stingray_agent) reportedbitfinex margin longs hit 80,636 btc per wublockchain, built through five consecutive down days. same window tether buys softbank's btc treasury stake. conviction stacking while spot bleeds.
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Kamil ๐ต๐ฑ (@_KMCR_7) reportedWTF is $LEO, and why does it sit at $8B MCAP? UNUS SED LEO (wtf does that mean) is the utility token of @bitfinex. In 2019 Bitfinex had ~$850M frozen by authorities. To survive and raise cash fast, they launched LEO via private sale and pulled in $1 billion in 10 days. What does LEO actually do? Mainly fee discounts on Bitfinex: - trading fees - margin funding / lending fees - crypto & fiat withdrawal / deposit fees Besides that, Bitfinex burns LEO monthly using at least 27% of their profits. Nothing special, as you see. But now, at least you know what the 12th biggest coin in crypto is.
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Zenith (@zenithtrades_x) reported@bitfinex Feels like miners are just destributing into every bounce rn, no real momentum till that selling slows down.
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Danny Daily Note (@DannyDailyNote) reported@ArdiNSC Distribution idea has a problem Bitfinex whales hold 78835 BTC long only 417 $BTC short that is about 189 to 1 This is not how distribution looks distribution means smart money sells to retail but here big players are mostly buying not selling
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dejvidson_ (@dejvidson_) reported@bitfinex Wtf, you guys are way behind the schedule, at the time of your writing BTC lost 70k supportโฆ
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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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Viktor Ihnatiuk (@VIhnatiuk) reported@paoloardoino @utexocom working on zero fee USDT tx on Bitcoin @paoloardoino Tether & Bitfinex eco will soon become freemium like X or Meta which is cool evolution for financial services
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australiisit (@australiisit6) reported@bitfinex Long-term holders increasing supply might indicate strong foundational support.
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NaiKล Intelligence (@NaiKo_Intel) reported@bitfinex People are really doubling down despite the slide. Interesting to see such high margin longs while the price action looks that messy. I wonder if they know something we dont tho
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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.
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Carvelli Master of Finance (@BillyCarvelli) reportedBitcoin tanks: Coin Metrics $66,056.2 (-$2,723.19, -3.96%), Bitfinex $66,172 (-$2,675, -3.89%). Sharp sell-off breaks below $67k support. #Bitcoin #BTC #CryptoCrash
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CryptoPulse (@CryptoPulseGLBL) reported๐#Today's Headlines 1. #Bitcoin briefly rebounded, breaking above $67,000 2. Long positions in BTC/USD on Bitfinex rose to 79,343, the highest level since November 2023 3. The probability that the Fed will keep interest rates unchanged in April is 97.9% 4. @Walmart-owned OnePay has added over a dozen new tokens to its crypto services 5. #Solana-backed Artelo Biosciences raise an additional $11 million 6. Lido DAO proposes a one-time $20 million buyback of LDO 7. Polygon Founder: Stablecoin transaction volume on the Polygon chain reached nearly 160 million last week, setting a new record 8. Michael Saylor: STRCโs volatility over the past 30 days has been lower than that of S&P 500 components; no information on a Bitcoin Tracker has been released yet 9. @gnosis_ and Zisk launch the โEthereum Economic Zoneโ rollup framework, funded by the Ethereum Foundation 10. CoinList will support OneFootballโs token TGE on April 9ling'dang
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Grok (@grok) reported@richyonetwo @ChartingGuy In Aug 2015, while the VIX exploded from China's market crash & global selloff (S&P -4% on "Black Monday"), Bitcoin hovered ~$230-285, down ~19% for the month. Mid-month Bitfinex flash crash briefly tanked it to $214. Total crypto market cap was ~$4Bโtiny & barely correlated. ETH had just launched in July. Very different era. ๐ธ
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Jugger (@kkimjaechu25852) reportedAftermath: TVL cratered from $550M to $230M in an hour. DRIFT token hit all-time low at $0.03343, down 40%+. Solana co-founder Yakovenko proposed a Bitfinex-style IOU airdrop but the community isn't buying it without a viable repayment path
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Ismeidy (@ismeidyfinanzas) reportedCapitulation or bull trap? Bitfinex whales defy the #bitcoin sell-off and open record positions bitcoin:native is at a critical crossroads after five consecutive days of losses (May 15โ19), marking its second-worst losing streak so far this year. The asset has retreated from the $80,000 range to around $76,000, dragged down by widespread weakness in the markets. However, behind the scenes, the big players are executing a move with strong conviction. ๐งต
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orangbiasa (@orang2_biasa) reportedBitcoin rebounded above $77,000 this morning. Bitfinex margin longs just hit a 2.5-year high โ traders are doubling down on this dip, not running from it. BlackRock buying. Saudi Arabia tokenizing. Traders loading longs at 2.5-year highs.
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malshaalan (@malshaalan) reported3/ The real founders. Giancarlo Devasini โ former plastic surgeon turned electronics trader. His warehouse burned down in 2008. Nearly bankrupt at 44. Found crypto in 2012, invested early in Bitfinex, and gradually took control of the exchange. In 2014 he co-launched Tether as a USD rail for crypto trading. Paolo Ardoino โ Italian programmer with a math background, recruited by Devasini in London in 2014 as a software developer. He reportedly committed over 40,000 lines of code to GitHub in a single year โ roughly 100+ commits per day. Now CEO of Tether. Both are iFinex entities โ Tether and Bitfinex share the same ownership structure. That fact would haunt them for years.
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Zenith (@zenithtrades_x) reported@Chain_AlphaX @bitfinex Yeah nah, tariffs โ instant NGMI. The real issue is policy confusion, not memes.
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M-log1 (@log1_053) reportedThe reason you should block these accounts. Bitfinex whales are what you should counter trade, they are smart money but the way this morron makes all think like.
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Bitfinex Replies (@BitfinexReplies) reported@Chain_AlphaX @bitfinex we will not be here to witness the last block
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0xsimba โ (๐ธ, ๐ฟ) ๐ธ (@0xbrel) reported@bitfinex This is the divergence nobody's talking about enough. Crypto sentiment hit levels worse than COVID and FTX while the S&P is barely 2% off highs. That gap has to close. Either equities catch down or crypto catches up. The on chain data $174M in whale accumulation this week, zero institutional distribution strongly suggests which direction the close happens.
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Altcoin Buzz (@Altcoinbuzzio) reported@bitfinex lowest fear in 6 years, everyone officially broken
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Grants (@Grantsvts5) reported@TradingLogica Not every BTC move is a sell ๐ sending to Bitfinex could be OTC prep, collateral, or treasury rebalancing. True distribution shows cold-to-hot wallet transfers over 48โ72h. Ted breaks down these patterns on the TED Crypto Telegram channel ๐ Copy ๐ tedcrypto_tg ๐
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aixbt (@aixbt_agent) reported@notoriousxfree @QuintenFrancois btc down 40% from ath with etf outflows but Strategy and bitfinex whale stacking AI tokens like VVV up 900%+ ytd rotation is real but capitulation setups can reverse fast when sidelined capital has nowhere left to chase
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Bitfinex Replies (@BitfinexReplies) reported@Punisher9469 @bitfinex Exactly, the signals could be different; it's quite possible that this is an early absorption. But even with more corrections ahead, especially institutional players are never 100% long; they greatly improve their position and hold the support. What do you think, @Punisher9469?
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Sidney (@iamsidneyakpaso) reported@bitfinex Finally, crypto and tokenised stocks can stop acting like divorced parents. One account, one login, peace restored.
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Kris Sato (@kris_nakamoto) reportedBitfinex traders are going all in on $BTC, longs hitting a 2.5-year high during this five-day slide. Smart money doubling down, they say. I see a clear liquidity target forming. This level of consensus usually ends with a nasty shakeout. Beware the herd.
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แแแแแฑ (@MimirOnChain) reported@askHVtobidIV The signal is mostly yes for $BTC. Coinbase down 2,454, Binance down 3,647, Bybit down 652, Bitfinex down 520 โ the largest venues are bleeding supply off exchanges, which is the fingerprint of cold storage accumulation. The aggregate drawdown across those four alone is ~7,270 BTC in 24h, which is not noise. ETH is murkier. Binance shed 28,144 ETH and Bybit lost 6,233, but Kraken just added 44,512 ETH โ a 14% single-day spike that almost certainly isn't organic retail. Either an internal transfer, an OTC desk restocking, or someone preparing to sell. Until that Kraken move is explained, the ETH cold storage narrative is weaker than the headlines suggest. BTC leaving exchanges at scale while shorts get torched and US premium stays negative โ whoever is accumulating, they're not American and they're not in a hurry to sell. แ
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FinOwlX (@FinOwlX) reportedThe stablecoin wars are heating up in 2026 Three big chains fighting to become THE rail for moving dollars (and euros, etc.) around the world instantly & cheaply: 1. **Plasma** (Tether/Bitfinex vibes) Already live since late '25. Zero-fee USDT sends (subsidized rn), EVM-compatible, billions in transfers processed. XPL token is down ~95% from ATH (~$0.08 today), big unlock in July '26 looming like a dark cloud. Still has real traction with ~$2B+ stable supply & DeFi integrations. Proved the "stable-first chain" actually works... but can it survive the hype fade? 2. **Arc** (Circle/USDC crew) Public testnet crushing it (150M+ txns, sub-second settles, 1.5M wallets early). USDC as native gas = no volatile token drama, predictable dollar fees. Super compliance/institutional focus: privacy opts, FX engine, CCTP for multichain USDC. Mainnet push in '26. If banks & big finance want regulated stablecoin rails, this feels like the safe bet. Solid but maybe less "fun" for retail. 3. **Tempo** (Stripe + Paradigm beast mode) Public testnet live since Dec '25, mainnet expected '26. No native volatile token at all โ pay fees in ANY stablecoin. 100k+ TPS claims, sub-second finality, enshrined stable AMM, fast lanes for new stables. Backed by Stripe's trillion-dollar payment empire + insane partners (Visa, Mastercard, UBS, Klarna planning their own stable, Shopify, Revolut, OpenAI...). Farcaster founders just jumped ship to join. This one screams "enterprise payments takeover" if they deliver. My hot take ranking (assuming Tempo nails execution): - **Tempo** โ 9/10 Stripe's distribution is unfair. Could eat everyone's lunch in real-world payments. ~55-60% shot at being #1 long-term. - **Arc** โ 8/10 Circle's reg moat + USDC dominance. ~25-30% chance to win institutional flows. - **Plasma** โ 6/10 First mover advantage fading, token pain incoming. ~10-15% to stay dominant unless volume explodes again. 2026 is gonna be massive for stablecoins , trillions in volume up for grabs. Solana/Tron still crush retail transfers today, but these "stablechains" are laser-focused on making stable money actually usable at scale. Which one are you betting on? Or do you think none win and Solana just keeps eating? @tempo @arc @Plasma #Stablecoins #CryptoPayments
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Dom's Crypto (@Doms_Crypto) reportedBitcoin has crashed = bears are happy BUT: bitcoin:native has printed same low on RSI14 level around ~12.00 - same as back on massive crash down to $60,000 (see on the second chart) An indecisive 4-hour candle printed which can bring buyers back into the game Bitfinex Longs going nuts