Trieu Vo
2 min readOct 10, 2018

[NEWS] Users can not withdraw money, BitFinex is accused of ‘MT Gox 2’

Bitfinex, the world’s leading crypto-based trading platform, is headquartered in Hong Kong and will be launched in 2013. The trading platform has been accused of being insolvent in a post on the Medium on Oct. 6. In the article, many customers confirmed ‘they did not receive any cash withdrawals from Bitfinex’ for several weeks.

The client did not receive a response from the support team and the Reddit themes provided by the Bitfinex client were deleted by the Bitfinex moderator, so the author concluded that the crypto trading platform was not paying. Additional debt and advise users to transfer their money from the platform.

However, within less than 24 hours after the allegation was made, Bitfinex responded to the allegations made to alleviate the FUD caused by the article on Medium.

‘As one of the few active exchanges since 2013 with a small team and low operating costs, we can not understand the allegations made that we lose solvency without supply. Give any explanation, ‘the trading floor posted on the blog.

Bitfinex wants to prove

Bitfinex added three cold wallets (BTC, ETH and EOS) to its blog post to show that Bitfinex still holds some of its digital assets while alleging it does not hold any cash. ‘

At this platform, only Bitfinex verified users can withdraw their cash without fail. However, like most crypto-related companies, Bitfinex has some challenges and delays with its promised cash transactions. They will continue to do everything possible to improve their transaction speed as well as deposit and withdraw cash.

Whether the allegations are true or not, one thing is almost certain that the company does not want anything that will destroy their reputation and reputation in the electronic money community, making Bitfinet the story of a Gox MT. 2nd.

-Translated by Twogap -

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