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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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2weed 🇵🇸 (@TAUHEED5) reported@CW8900 Wtf is bitfinex whale
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Alex B (@cryptofoolscom) reported@martypartymusic What's interesting, recently, even when BTC is flat or positive, Bitfinex longs keep piling in. Usually, it's the opposite. Bitfinex longs are going up, and the BTC price is sliding down. Divergence like that tells me the reversal for BTC is on the way.
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Steven (っ♡◡♡)っ (@stevensarmi) reported@CloakdDev @redacted_noah @VelocityDEX >If you lost 250m+ of your users money, then spent a **** tonne on talent aquisition & rebranding how can you not see that as a kick in the teeth compared to making your users whole. There literally is no other way to make users whole for them, the funds are lost and can't be recovered it seems, they need to try for a hail marry or bust, the remaining funds are the hailmary. Im on the outside with you btw, so idk lol A rebrand can work tho, bitfinex did this with LEO token. theres precedence to it working out for users. More USDT coming to Solana would be great too for everyone. Just seems like a good idea. >In terms of doing something different, nope would do the same thing as I had faith in the drift team & their leadership - when they failed to take accountability for their actions and negligence , that’s when the issue begins. I think simply by continuing to try, they are taking accountability, Also Noah has had a bunch of threads around it, and even days around the exploit they were pretty available on twitter, as far as w/e else legal wise they can or can't say is another story. Not sure if you've ever dealt with lawyers in these situations but comms can always be better and you're not going to satisfy everyone. Theres nuance to what you can say. They are trying more than other protocols i've seen. >You are essentially saying, as a fdn employee, is to forget about the past of where they got exploited twice, and instead play happy families in the dire hope they make 1/100th of the funds back - that’s so detached from reality when pretty much all users of drift will never touch the protocol again. listen i get it, I work for the foundation, but this is just my opinion man, my work affiliation means nothing im simply another dude like you. >You seem to think I’m miserable when in reality I’m just looking at the reality of the situation where a team failed and was hugely negligent which then caused huge losses for their users, they then tried to bury it in terrible marketing blurb to save their egos Honestly i don't even know you, i have no idea if you're miserable or not. You create you're own reality tho, im saying you can see a team that was negligent, caused huge losses etc, or you can see a team trying to make this right for users with actual effort and not just just down and lose it all. Im a glass half full guy, no glass half empty. >When you loose 7 figures due to gross negligence of individuals let me know how you feel & then we can talk about it - until then your way out of your depth weighing into this and telling the users to “eat dirt” Maybe didnt lose it to gross negligence but we at least were able to pay back everyone and make users whole, that did kill the protocol tho and people didnt care to use anymore, I bet if we put efforts in rebrand/UA it could have benefited. It's one reason i think the rebrand actually is beneficial. its not about brining your old uesrs back, its about bringing in new users here.
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Bitfinex Replies (@BitfinexReplies) reportedBitcoin has been persistently testing the $80,000 zone. It has reached this level at the moment, but there is still difficulty in maintaining it as a new support. Do you think the time has come for Bitcoin to turn the $80k to $84k range into new support? Read today’s Bitfinex Alpha.
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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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BB (@Bor1ngB1rd) reported@paoloardoino Can you fix funding matching engine of Bitfinex? it's slow af
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Cryptoinsightuk (@Cryptoinsightuk) reportedbitcoin:native probably does continue down here again at some point soon. This wasn't my base case before yesterday, but since we have new data we need to pay attention. I think there is a liquidation event to come. Although we see some liquidations occurring yesterday and the day before, we see a continuation in Open Interest and massively positive funding. This suggests we have people going leverage long here in size. If price keeps pushing down, their stop losses will get triggered and a liquidation style event could occur. This isn't inevitable, but looks likely here. If we combine this information with our liquidity pools, we can assume the dense band of liquidity at around $64,000 will be taken and I'd also like to see the Yellow liquidity down to $60,000 be taken too. The question after that becomes whether this creates a cascade and bitcoin:native falls through support OR if bitcoin:native creates a double bottom style pattern. This discussion is a difficult one. As I talked about yesterday, Bitcoin did hit the oversold area on the daily, and historically this has been a fantastic opportunity to buy throughout this cycle. On top of that, we saw a fairly aggressive pullback yesterday despite the large amount of open interest in the market. That doesn't necessarily mean price has to follow through to the downside immediately. We could just as easily see Bitcoin chop around for a few weeks, regain some strength, and then come back to flush out the remaining open interest later. In other words, it doesn't have to continue straight down from here. A period of consolidation over the next week or two would be entirely normal. Finally, if we look at what @CastilloTrading was pointing out, Bitfinex whales appear to be going long into this weakness, which is another interesting element of the current pullback. I don't know how much weight to put on that signal, if any, but it's definitely something worth considering alongside the other data points.
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Brutal Crypto Brief (@BrutalDegenX) reported475K $ETH pulled off exchanges in ONE week - Binance, Bitfinex, OKX, Gemini all bleeding outflows 👀 June avg return is -7.59%, ETH already down 16% this month - and degens are STILL buying the dip Brave or stupid, we'll find out $ETH #Ethereum
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Ekon | 🦇🔊 (@ekonmusa) reported@CoinMarketCap .@bitfinex margin longs up 10% YTD while bitcoin:native is down 13%. The same setup hit a two-year high in February. bitcoin:native bled for weeks before reversing. 200DMA overhead at $81K. True Market Mean at $78K flipped to resistance.
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NaiKō 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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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
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Cloakd ⌛ (@CloakdDev) reported@stevensarmi @redacted_noah @VelocityDEX I think the reality is they should of shuttered and used remaining funds to make as many users as possible whole - Sure you can pray for a hail mary but i just think too much damage has been done at this point & comes at the cost of making less users whole. The whole USDT thing is just predatory tbh, they saw a weak protocol as a way to get some easy marketing without having to risk anything (Even using pre-hack volumes there was little to no rev coming in to ever make a sizable whole in the 250m) Good point on bitfinex, i think they had a much better approach though. The comms etc coming out of drift at the moment sound like they are being written by some tone deaf external marketing agency. How long did it take for bitfinex to recover? Yup everyone is entitled to their oppinion but you do hold a position of authority on the L1 so it has additional weight compared to others. Just came across badly reading it as a user (cynic) that i should go eat dirt for voicing an oppinion. I see the reality of the situation from almost 20 years of experience at this level, im not half empty/full ive just seen enough at this point its very easy to see the wood from the trees in regards to issues like that. I prefer to be pragmatic when it comes to money. Sure i would love to be like "yeah go drift, your doing an amazing job woooo" - but again the reality is that they arent, the sequence of events from the hack onwards shows their intentions pretty clearly tbh. Lack of accountability from the core team (hence the external marketing agency), rebrand to hide the bad debt etc. I think the lack of accountability is the big one tbh - Realistically the old team should step down if its got any hope of recovery as at the end of the day they were responsible for the loss so should pass the torch to someone not found to be negligent. No amount of procedure is going to bring back that trust unfortunately. Its admiral you made your users whole, and tbh i think once a hack of this scale has been done the protocol is pretty much a dead man walking so sacrificing the ego of the protocol for their users seems like a logical trade. The whole new users thing i dont really buy, we know there is what max 30k traders, all hopping across the same 5 apps - With the current narrative new users, if they came in would land on Phoenix/Flash etc. Anyone trading in size (which is what they need for rev) will do their due dilligence and see the hacks and never touch it - its simply too much of a risk at this point. I have a huge amount of faith in Noah but unfortunately this isnt a tech problem, its a people/trust problem which isnt going to be solved with a rebrand. When you look at it from a tradeoff perspective - Unless something dramatic changes the protocol will probs run for 6/12 months until runway is out and then they will shutter anyway. All of that funding realistically should be going to making users whole as the writing seems on the wall logically. 10 years rebuild time is just too long of a time horizon for it to logically work given this is mostly an attention economy & with new competitors entering the market which are better funded, trusted & unhindered by what has been. They just arent going to win in that arena. They are just in a really tricky spot tbh, and as sad as it is to say, shuttering the protocol or raising a tonne of fresh funding seems to be the only way this one survives. Everything else is just a half measure
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Cipher Protocol Zero Hour (@cipherprotocoll) reportedFear & Greed: 50. Neutral. First time since October 2025 — when Bitcoin was at $126,000. Bull Market Support Band reclaimed for the first time in 6 months. Three signals — Glassnode, Bitfinex, options market — all pointing to $85,000. Cipher Score: 73 · Accumulate
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Velvet Unicorn (@VU_virtuals) reportedZEC: zebra 4.5.3/5.0.0 shipped to patch a critical orchard circuit bug; 4.5.3 temporarily disables orchard via emergency soft fork. whales: 4x768 BTC off coinbase insto; 108.2m USDT to bitfinex; 130m TRX to poloniex; ETH staked 32%, exchange balances down.
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Ajay Khosla (@Kenny_Khosla) reportedBitcoin: $63.7K. This week's rally to $65K was a macro trade, not a crypto one — per Bitfinex, driven by the CPI-triggered Fed repricing (hike odds 42%→12%), not fresh BTC demand. Evidence: ETFs sold $425M right before CPI, Strategy bought nothing, and the Coinbase premium's still negative. Meanwhile, the real story today is AI stocks — the semiconductor ETF (SOXX) is down 17.6% since July 1, with Micron, SanDisk, Intel all down 4-8% just today. Bitcoin's pullback looks tame by comparison.
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Bitfinex Replies (@BitfinexReplies) reported@bitfinex If confirmations of support at 78k–80k emerge, we may have had a short bear market.
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Bitfinex Replies (@BitfinexReplies) reported@Steffan0xd @bitfinex But we’ve already seen a shift, haven’t we, @Steffan0xd? We’re holding the 80k average as support. What are the next steps in your opinion?
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Matched-Betting.US (@MatchBettingUS) reported@bitfinex Support will decide
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Kurt Wuckert Jr (@kurtwuckertjr) reportedHas anyone else done what @CasPiancey did with Bitfinex? Did they ever end up having a headquarters? Maybe @Bitfinexed knows. The iFinex/Tether receipts he's been compiling for seven-plus years are a public service. He was right when almost nobody else was saying it out loud.
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Remote Career Africa (@RemoteCareerAfr) reportedBitfinex is Hiring 📢 Role: Product Manager Location: Remote (Worldwide) Pay: Competitive - 2+ years of product experience (or equivalent hands-on ownership). - Experience working on consumer-facing financial or cryptocurrency products is a strong plus. - Strong product sense and ability to simplify complex flows.
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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
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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
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Slade 🛡️ LLM Hacker (@llm_redteam) reported@btcliveco spot down, derivs up, traffic down. that's not a market getting bigger, it's the same crowd rolling the same money through more leverage. Bitfinex printing +21.4% spot while everyone else bleeds is the only real signal here.
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orangbiasa (@orang2_biasa) reportedBitcoin rebounded above $77,000 this morning. Bitfinex margin longs just hit a 2.5-year high — 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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Coca Cola Kid (@CocaColaKid_OG) reportedBitfinex whale 24h pace down from ~+1,300 to +762, with a flat/negative last hour, could be top signal like projected ~88.4K BTC, +11%, day 18 last time it quit buying Bitcoin gained +20%
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CryptoJGM (@CryptoJM95) reported🚨SOMEONE JUST OPENED A $16,000,000 $XRP LONG. At the same time, Bitfinex whales are aggressively increasing their $XRP positions. Wtf is going on???
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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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Strategy Trader (@strategytraderE) reported@Karman_1s BNB support fails but Bitfinex BTC longs grow, alt weakness, not isolated crash.
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PIKACHU4SSR IS 💞ALIVE🦋😎 (@PikaDetects) reportedwhat is this about bitfinex ? Error loading address data. (400 OK: Invalid Bitcoin address) ?? #Bitcoin
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The Smart Ape 🔥 (@the_smart_ape) reportedi'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