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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.
Full Outage Map
TransactionsProblems 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.
At the moment, we haven't detected any problems at Bitfinex. Are you experiencing issues or an outage? Leave a message in the comments section!
Most Reported Problems
The following are the most recent problems reported by Bitfinex users through our website.
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Website (50%)
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Mobile App (25%)
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Login (25%)
Live Outage Map
The most recent Bitfinex outage reports came from the following cities:
| City | Problem Type | Report Time |
|---|---|---|
 Taurianova |
Mobile App | |
 Ivano-Frankove |
Website | |
 Nice |
Login | |
 Pune |
Website | |
 Puerto Asís |
Login | |
| Villebon-sur-Yvette |
Withdrawals |
Full Outage Map
Community Discussion
Tips? Frustrations? Share them here. Useful comments include a description of the problem, city and postal code.
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Bitfinex Issues Reports
Latest outage, problems and issue reports in social media:
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Jay Filmer
(@UncleJaysus) reported
@Kevin_Cage_ I think it's got a while yet, before it starts feeling the heat. This paperwork deadline... that's just related to a Bitfinex customer cash issue, and whether tether was used to plug a gap, right? Despite all the opacity, I don't think Tether is currently under threat.
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David Fauchier
(@dfauchier) reported
- Bitfinex is absolutely shitting cash, as are all the exchanges. It’s not a terrible credit, if you’re a related party. So that loan shouldn’t be marked at zero. Maybe 50-70% of face. ...
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Trolly McTrollface
(@Tr0llyTr0llFace) reported
@krugermacro BTW NYAG’s beef with Bitfinex isn’t only about their reserves, it’s also because they allowed US citizens to trade on their platform. That’s the issue with the use of VPNs to hide your US citizenship.
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Troll
(@Kevin_McCalster) reported
@ChrisWhodl @lylepratt Nope! Tether fell and traded at 83c to USD in 2018 and bitfinex shutdown temporarily. Then they “fixed” the problem. There is not much liquidity in the crypto space. Now with x7 marketcap (not fully backed) will trade far below 60c in another liquidity crisis in crypto space.
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Allen Au 🧢
(@AllenAu11) reported
@cdfuy There're 2 issues regarding the Tether FUD: 1) Is $USDT backed 100% by USD? and 2) The NYAG case against Bitfinex and Tether over the loss of client and corporate funds. Bear in mind, $USDT is only 3.6% of #Bitcoin's market cap. Exchanges don't hold $USDT, customers do.
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slimb
(@slimb) reported
@michael_saylor so how does this tether scam work? they have a bank in the Bahamas that invests in bitcoin using usd then they use that bitcoin as collateral to offer loans to Bitfinex which uses it as reserves to issue usdt? and this usdt pumps the price of btc everytime they issue it ...
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Val Blanc
(@ValBlancCH) reported
@koko_vivian @zerohedge The real problem with this theory is that no one can backed it up. The exchange bitfinex refused to get an audit...
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Rob Mora
(@robmora7) reported
@bitfinex I wouldn't call it a journey... More like a car accident in slow motion
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Heather DeRossi
(@heatherderossi) reported
@MsKind3r had bad experience with Coinbase, just had some issues with the account and support didn't reply that's why switched to Bitfinex. at least no problems with account. big exchanges, I understand it. btw, use combination Bitfinex with Ownr( fees are lower)
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captain_rune
(@captain_rune) reported
@tierotiero @paoloardoino @bitfinex It's not, when an exchange is down it's because of its public API.
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jalombbollko
(@jalombbollko) reported
@imBagsy $dusk They're building an STO exchange for bitfinex. Was Messi's crown jewel "ineveitable" coin until he had to drop it because Binance cracked down on Americans using VPN, and look at how his bags are doing now
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_Checkmate 🔑⚡🎟🌱checkonchain.com
(@_Checkmatey_) reported
@Frenchy_LeDegen @AlexSaundersAU @cryptoquant_com Same data source shows Bitfinex reserve alone has dropped by the ~1.2M ETH that is claimed. Meanwhile other exchanges have remained largely stationary or in the case of Binance, has actually increased by around 0.2M in the same time. Either one whale (unlikely) or data error imo
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UNISWAPKING 🌙
(@UniswapKing) reported
Bitfinex and Tethers ultimate fear is not the DOJ or FBI shutting them down, it’s their customers trying to redeem $10 billion USDT for USD. This is what will ultimately sink them. It’s why the coming $BTC crash will be so violent.
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stefan stere
(@ststere) reported
@BennettTomlin I think they have a lot of US citizen money and that is a problem but it is not the biggest for them. The biggest is people trying to redeem their worthless usdt for real usd. Which is why they insanely advertise to hodl no matter what. Stupidly hodling = donation to bitfinex.
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UnTethered
(@TetheredUn) reported
@Tr0llyTr0llFace Does anybody know how the purchase of Tethers by an exchange actually works? Do you have to to pay them immediately? Or does Tether issue USDT's on credit, in which case the Tethers would be backed by a receivable (similar to the Bitfinex loan).
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Chris
(@MacroStratChris) reported
20-day momentum in #bitcoin peaked Jan 9 - the same day the "slow" z-score hit +2. Volume (Bitfinex) peaked at 2.32 z-score on Jan 13. This is when #tether printing stopped. #btc initial downside $24,967.
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Avid
(@_animal_spirits) reported
@realeggrage @krugermacro Perfect, so if Tether does run into liquidity problems with redemptions (again) and that does cause the price of Bitcoin to drop (as Bitfinex feared), then the issue with their liquidity will only get compounded...
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Adam Back
(@adam3us) reported
@dfauchier It's probably like 150% backed as such given the bond, the repayments from net profit, and the recovery claims on crypto capital to have funds frozen. (Vs capability for bitfinex to absorb a further bank freeze.) They had more than enough money already 10days after the bank issue
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Rob
(@rob_mose) reported
@RokoMijicUK @kartuzija The problem is (from what I understand) that regulation makes it incredibly hard for Tether to be transparent about the bank reserves for USDT. On top of that, one of the accounts owned by Tether/Bitfinex was frozen by US authorities, further complicating their finances.
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Crypto Red XIII (Nanaki)
(@cdninvest) reported
@CryptoHustle Seems like a replay of 2017-18 with Bitfinexe'd giving daily reports how the SEC would bring down Bitfinex and Tether...
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Sh*tcoin of Chicanery
(@LetsTrekSpain) reported
@BryceWeiner @DrHOSP1 I suspect as much. If legislators continue to treat crypto "investors" as willing sheep, complicit in their own shearing, I dont expect that to change. But assumes Bitfinex to be really clever, but from what I've seen so far I reckon they may be shoddy enough to get taken down
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David Fauchier
(@dfauchier) reported
FWIW, my opinion: - We know USDT is not backed 100% by USD. It’s also backed by a ~$250M loan to Bitfinex, and some BTC, and maybe other stuff. As balancesheet has grown & BTC mooned, unbacked USDT has shrunk proportionally & they have largely grown out of the problem ...
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Free Assange, now!! ALL lives matter!!
(@_MaxHeadroom__) reported
@AtlasAlphaTrade @001100010010011 #bitfinex/#tether was a hot story in 2017/18. It's a non-issue now. Tether likely wasn't fully backed by $$ in 17/18. It's likely now, given the huge revenue and fee income for bitfinex over the past few years. BTW, stocks don't collapse, either just because the fiat $ is a ponzi
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COIN %ER
(@CoinPercenter) reported
@grapplecidr Thats the problem no one knows, but do to all of bitfinex and tether court cases and public info from such we do know this is a house of cards and WILL happen. Prolly not gonna happen untill forced by the courts which is looking sooner than later
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_Checkmate 🔑⚡🎟🌱checkonchain.com
(@_Checkmatey_) reported
@FinanceRedpill @Cointelegraph Wow...this was a data error from Bitfinex moving their wallet and CQ charts not updating, not 27% leaving exchanges. This false information.
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Cryptobasili
(@cryptobasili) reported
@XSNofficial @bitfinex Solving real world problems 👏🏻👏🏻
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Bennett Tomlin
(@BennettTomlin) reported
@CasPiancey @lawmaster @DanielSingerS We do not know that Deltec is holding bitcoin for Tether or Bitfinex, but when they announce this at the same time that Tether executives and lawyers say 'we can invest in Bitcoin with reserves if we want', it seems like a worthwhile issue to plumb
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Chackij
(@dimachackij) reported
@bitfinex this message is a call for help, who knows what's going on will understand. I still need that bitcoin to fix everything! 15YPbjb8GBxAWLWq4vZtiyJPr8BBmNcPmE
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cody
(@cody75700594) reported
@maaryxh @maxxrpbtc Congrats on getting into crypto.. however, you've bought a hot potato.. dont get caught holding it in the months to come. Tether vs bitfinex ponzi scheme lawsuit. Chinese controlled mined. No use case. Slow, costly and inefficient proof of work protocol. 2% own 98% of bitcoin
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Buy the Dips
(@DipsBuy) reported
@ricksawtime @DzhambalaHODL @PeterLBrandt that was 2 years ago when it was 2.5bln (26% was loan to bitfinex) USDT is now 24bln (the 26% now equates to less than 2% and is getting paid down on commercial terms) its backed!!!