Bitfinex Shuts Down Deposits And Withdrawals Services Temporarily

by | Jun 1, 2019 | Cryptocurrency, Cryptocurrency News

Bitfinex | Deposits And Withdrawals | Pauses | Cryptocurrency Exchange

Cryptocurrency exchange Bitfinex announced a temporarily shut down its services via a tweet published on May 31. 

As per the tweet, the exchange has temporarily paused deposits and withdrawals “due to the outrage of one of [their] network providers.” Since such an announcement alarms users, the firm offers some relief and added that “Funds are safe in cold storage. Situation should be restored ASAP (ETA 3/4h). Apologies for the inconvenience.” 

Paolo Ardoino, CTO for Bitfinex further tweeted links to the exchange’s hot wallets in order to ensure everyone that there are no outgoing tokens and that user funds were secure.

The troubles for Bitfinex

It seems the trouble for Bitfinex isn’t ready to halt as of yet. At the start of the month, New York Attorney General accused Bitfinex is using Tether Funds to cover its $850 Million Loss. Later the platform confirmed their plans to conduct a $1 billion so-called initial exchange offering (IEO) in a whitepaper issued on May 8.

Read more: TrustDice releases Crash Game supporting BTC and ETH

Image source – Stock Photo Secrets

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