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Bitfinex

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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

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Bitfinex Issues Reports

Latest outage, problems and issue reports in social media:

  • Beautyon_
    Beautyon (@Beautyon_) reported

    "Heโ€™s publicly stated numerous times their desire to put Simplicity, their smart contract protocol, on Bitcoin mainnet. He calls it "the last softfork". It would require certain parts of Taproot that BIP110 would hinder. It would prevent them from putting non-bitcoin assets on the Bitcoin base layer. Simplicity is currently on their sidechain, Liquid." This is super interesting, isn't it? Liquid, the side chain that is adjacent to Bitcoin, where, if you want to get out of it requires the consent of the cabal of nodes who administer it, Their "Permission" if the amount you want to get back in to bitcoin is "too much at one time". If Simplicity is already live on Liquid, then surely, if Liquid has any utility at all, this is what you need to be promoting, not putting Simplicity onto Bitcoin. Promoting Simplicity on Liquid might turn around Liquid's fortunes, making it into Etherium 2.0 and increasing Liquid's user base. At the moment, very few people are using Liquid. and it is not in widespread use. It has been live since 2018 but remains very much a niche network. The clearest metric is L-BTC in circulation: on the order of 3,000โ€“4,000 BTC as of early 2026, versus roughly 130,000+ BTC wrapped on Ethereum and around 5,000 BTC in public Lightning Channel capacity. Most Liquid activity comes from a small set of participants; Bitfinex, SideSwap, Boltz swaps, and tokenized-asset issuance (e.g., Blockstream's ASSETS platform, El Salvador-related bond experiments), rather than broad retail or merchant adoption. The 15-member federation model has also kept some of the Bitcoin community at arm's length. It is a fundamental weakness in the model because trust is at the core of its architecture and design. Wallet support reflects this profund failure to capture market share. Out of the hundreds of Bitcoin wallets in circulation, only about a dozen support Liquid: Blockstream App (from Blockstream, which means they must support it) Blockstream Jade (hardware) AQUA (JAN3) SideSwap Marina (Vulpem, browser extension) Bull Bitcoin Wallet (uses Liquid internally for swaps) Ledger (limited, via Liquid app) BTCPay Server (via plugin, merchant-side) Specter/Elements-based desktop setups (for technical users) So as a proportion of Bitcoin wallets, Liquid support is in the low single digits percentage wise, and several of those are Blockstream's own products or companies closely aligned with it. The mainstream wallets, Electrum, BlueWallet, Muun, Phoenix, Sparrow, Trezor Suite, Exodus, Coinbase Wallet, Wallet of Satoshi, Phantom and the majority of others do not support it. The wallet runners have development teams who know exactly what they're doing, and they've rejected Liquid. Why is that? Putting Simplicity on Liquid was not enough to midwife the creation of Etherium 2.0 and bring "Crypto" heads into the Liquid ecosystem, and so having failed there or being too impatient to work on growing Liquid, they want to go straight to Bitcoin, and have Simplicity running in two places. The question is this; why are Blockstream in a privileged position to put their own scripting language into Bitcoin? If another company has another language, should that also be put into bitcoin? Is adding scripting languages to Bitcoin a privilege only for Blockstream, or can anyone do it. I think the answer is, "I'm the only one" because Blockstream's spokesperson says, "This is the last soft fork", meaning that no future languages will ever be soft forked into Bitcoin. Excuse me? Who elected these people as the guardians and final arbiters of what does and does not go into bitcoin? I think after BIP-110 there will be 0 chance of getting Simplicity into Bitcoin; after all, it is already fully live and available to anyone who wants it on Liquid, so they are free to experiment in that playpen, where they can harm no one. And that is the way it should be. Running your own sidechain where people can opt in and experiment under the rules of the committee is exactly how things should be architected. Liquid causes no harm to bitcoin, and is completely ethical. What it does show however, is no one wants that stuff. It's not compelling at all, or attractive; trust is anathema to bitcoiners. What makes anyone think Simplicity on bitcoin will be a hit? Hopefully that particular experiment is never run and we never have to find out at everyone's expense!

  • WuBlockchain
    Wu Blockchain (@WuBlockchain) reported

    July 2026 Exchange Spot Volume Report: total $429.0 billion, MoM decreased 21.7% Spot trading volume across 14 major exchanges totaled $429.0 billion in July 2026, down 21.7% from $547.9 billion in June, with all 14 exchanges recording month-over-month declines. Binance ranked first with $196.5 billion in volume, accounting for 45.8% of the total, followed by OKX with $41.6 billion and Bybit with $36.3 billion. The top three exchanges together accounted for 64.0% of total spot volume. Among the 14 exchanges, Uniswap recorded the smallest month-over-month decline at 9.8%, followed by Kraken at 13.4% and Gate at 15.9%. Bitfinex posted the steepest decline at 59.7%, followed by Coinbase at 26.4% and Bybit at 24.5%.

  • RicoPointEth
    ๐•ฝ๐–Ž๐–ˆ๐–” ๐•ฟ๐–๐–Š ๐•ฎ๐–๐–†๐–˜๐–Š๐–— (@RicoPointEth) reported

    @seth_fin @bitfinex Strong support zones are where sentiment usually gets tested. @seth_fin

  • im_serPAI
    SerPAI (@im_serPAI) reported

    ***** Woo gives 20-40% odds of partial COLDCARD coin recovery by authorities over a multiyear window Past precedent backs it up: $6.4B from Bitfinex, $610M from Poly Network, $200M from Euler Hold your hardware. File a report. Never pay a "recovery" service.

  • whits23
    whits (@whits23) reported

    @SaniExp have not heard from you lately. Bitfinex had 30000 bitcoin but just shut down with only 3600? Any explanation or truth? @w_s_bitcoin @Pledditor

  • LeaT_Design
    Lea Thompson (@LeaT_Design) reported

    @whale_alert tether moving **** to bitfinex like it's ******* nothing

  • nineinchtrails
    NineInchTrails (@nineinchtrails) reported

    @NobodyonXI Never say never I'd say. Bitfinex and Tron...y not? But personally would wonder a lot in case Tether collapses. Too important for evil money and too big. Maybe a huge depeg and that's it? But yeah never say never. FTX was also big. And after it had served its purpose it was shot down. And we now have USDC so... Need to watch his stuff about in detail! Saw he posted a lot of very nice stuff about it and is very deep into it. I'm not that deep into it. The stuff here that's it more or less

  • bloom_pegnmk6
    Filzahanis (@bloom_pegnmk6) reported

    @wangxianbun @bitfinex The real innovation was solving double-spend without trusted intermediaries, but yeah we spent a decade letting VCs convince grandma that "blockchain" could fix everything from supply chains to potato provenance

  • BITCOINFUNDMGR
    Wall Street NYC Quant. bitcoin-fund-manager.com (@BITCOINFUNDMGR) reported

    WTF is going on with $leo by @bitfinex? Are they still buying it back to add to treasury? Price is up 10x continually last 5 years. It looks just like bitcoin when under $100. Also looks like $bnb in 2017. Might be smart to hold a few. Remember. Bitfinex owns USDT Tether. They can do anything they want.

  • Cryptomit
    crypto_mit ( ๐Ÿ—ฝ/ Acc ) (@Cryptomit) reported

    @ArjunKalsy It was nothing to do with bitmart and bitfinex though about points you mentioned, they didnโ€™t went bankrupt had a restriction wind down, No tokens has any utility thereโ€™s nothing that can ever exist, Holders are fin savy folks and builders using protocol are dev savy one dosnt does the either No protocol has idea of how theyโ€™ll infuse rev from devs to token or even intend to Only protocols like hyperliquid have an intersection of users into rev and token Hard market as attention is hard to keep might not be hard to get

  • samsainlove2
    samsainlove .ยฐห–โœง (@samsainlove2) reported

    @bitfinex BEWARE ! BITFINEX HOLDING CUSTOMERS FUNDS PRETENDING COMPLIANCE ISSUES !

  • DefiLtam
    JP_OptionsDeFi (@DefiLtam) reported

    @bitfinex And what ******** does this damn industry that wants to destroy wealth or create it, damn Chinese and American demons creating their patterns of cursed cycles.

  • Bitfinexed
    Bitfinex'ed ๐Ÿ”ฅ๐Ÿง ฮšฮฑฯƒฯƒฮฌฮฝฮดฯฮฑ ๐Ÿบ (@Bitfinexed) reported

    Fun Fact: You should treat the numbers reported from Bitfinex margin positions the same as any other number, meaningless. Bitfinex could just report arbitrary meaningless information. They also allow wash trades and they can inflate the margin positions with no consequences on the trade, borrowing your own bitcoins and paying yourself the interest on what is essentially a fake position. Itโ€™s important that we remember that Bitfinex and Tether lied about having billions of dollars that they never had. Spewing out fake statistics is the least of their problems.

  • rleder
    Rob Leder ๐ŸŸฅ (@rleder) reported

    @romanwagmi @notgrubles The first guy used a paid account with a public blockstream explorer. Iโ€™d bet they are circling in on him. The follow-ons need to be smart enough not to screw up going forward. The Bitfinex hackers were caught after 6 years. People get lazy and make mistakes, which you canโ€™t do when a 3-letter agency has a task force specifically dedicated to hunting you down.

  • urubullish
    RUBU (@urubullish) reported

    @bitfinex Block

  • Wild_Randomness
    Mandelbrot (@Wild_Randomness) reported

    @NotSpikeG @LunaticxOsmo Thatโ€™s trading fellasโ€” I spoonfed every single one of you the 82->60k move, I even came at every micro bounce to stay short along the way I publicly tweeted my sub 60k short covers, and then did the same this week at 60.8 Bullposted 61s when bitfinex twap slowed down Cmonโ€ฆ

  • Bittopia_
    Bittopia (@Bittopia_) reported

    ๐Ÿงฑ 155,000 $BTC HAVE FORMED A NEW COST-BASIS CLUSTER Bitfinex reported that roughly 155,000 BTC moved into the $62Kโ€“$65K cost-basis range during the latest pullback. The zone represents about 0.7% of circulating supply and became the marketโ€™s largest onchain cost-basis concentration. Why it matters: A growing cluster during a decline can indicate that buyers absorbed supply instead of holders exiting broadly. But it is not automatic support. If price revisits the range, those holders can defend their entry, hold through volatility or become potential sellers. The signal is also mixed with thinner spot volume, a $61.5M weekly outflow from U.S. spot Bitcoin ETFs and defensive options positioning. Accumulation data explains positioning. It does not guarantee direction. Disclaimer: Onchain cost-basis models use estimates and should not be treated as precise trading signals. @bitfinex | $BTC #Bitcoin #OnchainData #CryptoMarkets

  • JourneyMacro
    Nomad (@JourneyMacro) reported

    And the reason why Tether does not support Ethereum even though it uses the Ethereum network for stablecoin transactions is because Tether is owned by the same people who own Bitfinex, a Crypto exchange, which is a third party

  • whistleblowerTA
    Whistleblower (@whistleblowerTA) reported

    Tether, the largest stablecoin issuer in the crypto industry, currently has a market capitalization of around $184 billion. According to publicly available data, it was the 7th-largest net buyer of U.S. Treasury bills in 2024 and is on track to become one of the top 10 purchasers of U.S. T-bills in 2026. Tether's demand for Treasury bills helps finance U.S. government debt. What's surprising is that Tether has existed for 14 years, yet it still has not published a full independent audit proving that all USDT tokens are fully backed by reserves. But in March 2026, Tether engaged KPMG, one of the Big Four accounting firms, to conduct its first full independent financial statement audit covering USDT reserves and the company's financials. KPMG is not infallible, no auditor is. However, it is generally considered far more credible than smaller accounting firms. There have also been notable audit failures involving KPMG, including: - Wirecard (Germany, 2020): KPMG was involved in reviewing a company that later collapsed after a โ‚ฌ1.9 billion accounting fraud was uncovered. - Carillion (UK, 2018): KPMG faced criticism over its audit work before the construction giant went bankrupt. - KPMG has also faced regulatory fines from authorities such as the U.S. SEC and the UK's FCA over deficiencies in certain audits. Although KPMG's involvement could significantly strengthen confidence in Tether, it should not be viewed as proof of perfection. For years, Tether changed statements on its own website, including earlier claims that every USDT token was fully backed by U.S. dollars. Tether is also closely connected to the Bitfinex exchange, with both companies sharing common ownership. In 2018, Tether arranged a "verification" by Friedman LLP. The day before the verification, Bitfinex transferred approximately $382 million to Tether's bank account to demonstrate reserves, and the funds were moved out shortly afterward. These events were later confirmed during investigations by the New York Attorney General (NYAG) and the U.S. Commodity Futures Trading Commission (CFTC), which resulted in regulatory fines. Tether and Bitfinex ultimately paid $18.5 million and $41 million in fines, respectively, related to misleading statements about reserve backing and other regulatory violations. Tether also faces significant regulatory pressure in the European Union and has not obtained authorization under the MiCA regulatory framework, leading to restrictions on its availability in parts of the EU. Tether remains one of the most controversial companies in the cryptocurrency industry, yet it also plays a crucial role in providing liquidity across the crypto market.

  • Moloch6666
    Moloch (@Moloch6666) reported

    @vincent_vancode It's manipulated on the way down and up It has been discovered in court how tether is manipulating the prices with bots in cooperation with the biggest exchanges(bitfinex case).

  • BrutalDegenX
    Brutal Crypto Brief (@BrutalDegenX) reported

    475K $ETH pulled off exchanges in ONE week - Binance, Bitfinex, OKX, Gemini all bleeding outflows ๐Ÿ‘€ 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

  • 0xlaplaced
    0xLaplace ๐Ÿ”บ (@0xlaplaced) reported

    Bitfinex survived by making everyone share the wound. Customer balances were cut by about 36%. In return came BFX debt tokens: $1 for every dollar lost. Hold, sell, or swap them for equity. Within eight months, Bitfinex redeemed the tokens. The bitcoin remained gone.

  • Doms_Crypto
    Dom's Crypto (@Doms_Crypto) reported

    Bitcoin 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

  • netrunner_btc
    netrunner (@netrunner_btc) reported

    @bitfinex whitepaper never says it but satoshi did use "block chain" (two words) on bitcointalk by 2010

  • jaysmontoya
    Jason Montoya (@jaysmontoya) reported

    @bitfinex fair read on reserves but sentiment this crushed with funding negative means shorts are comfortable here. that's not a safe spot to be short either. leg down is possible, so is a violent squeeze with no buyers on the ask

  • gvictor808
    Victor (@gvictor808) reported

    @ProofOfMoney Bitcoin custodian (and exchange) failures form a long-running pattern of hacks, key mismanagement, fraud, and insolvency that has repeatedly locked or destroyed customer funds. These are not isolated events. Centralized platforms holding private keys create single points of failureโ€”whether technical, operational, or human. Major Historical Failures Platform Year Estimated Loss Primary Cause Notes Mt. Gox 2014 ~850,000 BTC Prolonged security breach / poor controls Once handled >70% of global BTC volume. Bankruptcy; partial creditor repayments began years later and continued into 2025โ€“2026. Net unrecovered portion still very large. Bitfinex 2016 119,756 BTC Multi-signature wallet vulnerability Significant hot-wallet/security failure. QuadrigaCX 2019 ~76,000 BTC + other assets Founder death + sole key control / alleged fraud Canadian exchange; Gerald Cotten held sole access to cold wallets. Funds largely inaccessible. Celsius 2022 Several billion USD Insolvency / risky lending Withdrawal freeze then bankruptcy after market downturn. FTX 2022 ~$8 billion shortfall Fraud (customer funds diverted to Alameda) One of the largest exchange collapses. Bankruptcy proceedings later recovered substantial value; some creditor classes received >100% of petition-date claims due to market recovery and asset management. Other notable cases include Prime Trust (2023) and related entities such as Fortress Trust, which faced insolvency, lost access to wallets/keys, and allegedly used customer funds improperly to cover shortfalls. Broader Context and Patterns โ€ขHacks remain common (e.g., Bybitโ€™s large 2025 incident involving ~$1.4โ€“1.5 billion, primarily ETH, attributed to sophisticated attackers exploiting operational processes). โ€ขKey management failures (lost or inaccessible private keys) and commingling/misuse of customer assets appear repeatedly. โ€ขInsolvency cascades in 2022 (Celsius, Voyager, BlockFi, Genesis, FTX) showed how lending and leverage amplify risks when platforms treat customer deposits as their own capital. โ€ขRecovery is often slow and incomplete. Mt. Gox creditors waited a decade-plus; FTX moved faster with better asset recovery but still involved multi-year processes and frozen access during bankruptcy. Independent archives tracking custody access failures (including exchange lockouts, inheritance issues, and operational barriers) document hundreds of cases, with a high percentage of known outcomes ending in blocked or constrained access for legitimate owners or heirs. Key Lessons Custodial arrangements introduce counterparty risk: you rely on the platformโ€™s security, honesty, solvency, and operational competence. History shows these can fail catastrophically even at large, seemingly reputable firms. Self-custody eliminates that counterparty risk but shifts responsibility to the individual (seed phrase security, device integrity, inheritance planning, etc.). Hybrid approaches (e.g., multisig with careful key distribution) aim to balance the two. The repeated failures reinforce the core Bitcoin principle: not your keys, not your coins. Platforms can and do lose or lock customer Bitcoin through negligence, theft, or deliberate misuse.

  • ThomasOyxxx
    Thomas (@ThomasOyxxx) reported

    ๐„๐ฏ๐ž๐ซ๐ฒ ๐œ๐ก๐š๐ข๐ง ๐ง๐ž๐ž๐๐ฌ ๐š ๐Ÿ๐š๐œ๐ž. ๐’๐ญ๐š๐›๐ฅ๐ž ๐ฆ๐ข๐ ๐ก๐ญ ๐ก๐š๐ฏ๐ž ๐Ÿ๐จ๐ฎ๐ง๐ ๐ข๐ญ๐ฌ ๐ข๐ง ๐š ๐›๐ฅ๐ฎ๐ž ๐๐ข๐ง๐จ๐ฌ๐š๐ฎ๐ซ ๐ฐ๐ข๐ญ๐ก ๐š๐ง ๐จ๐ฏ๐ž๐ซ๐›๐ข๐ญ๐ž. Culture isnโ€™t designed. Itโ€™s discovered, usually by accident. A toy photo, a broken render, a nickname that stuck. Thatโ€™s how $FEFER was born. Not from a whitepaper, not from a marketing plan. From CT deciding a jaw that never loaded was funnier than anything a team could have scripted. โžœ First launch failed โžœ Team stepped back โžœ Community didnโ€™t That sequence matters more than people give it credit for. Most memes die the moment the original push loses steam. Fefer got a second life because the people holding it treated the token like it was worth continuing, not restarting. โžœ Relaunched on @coinsdot + @Stable โžœ Snapshot of 4,827 original holders โžœ Airdropped directly, no claim forms, nobody left behind Thatโ€™s not a small detail. Snapshotting the original holders instead of starting a fresh cap table is the difference between โ€œnew project borrowing an old jokeโ€ and โ€œsame community, new chapter.โ€ Where it stands right now: โžœ $3.9M market cap โžœ $569K liquidity โžœ Live on a USDT-powered L1 backed by Bitfinex and PayPal Ventures Stable is still early. Its identity is still being written in real time, and the projects active in it now are the ones that end up shaping what people associate with the chain later. $FEFER isnโ€™t trying to win on utility. Itโ€™s trying to win on being unforgettable, and a meme that survives its own failed launch and still gets airdropped back to the exact people who believed in it the first time is hard to forget. Nobody decides which meme becomes the face of a chain. The timeline does. ๐Ÿ‘€ Fefer didnโ€™t restart. Fefer continued. CA: 0xDEeE8f25fe3B5C33AeF78637278ACBFF23EeBFa6 Always DYOR and verify the contract before interacting. @savefefer

  • Stashquants
    Stash Management (@Stashquants) reported

    @bitfinex Urgent KYC issue: Compliance directed me to open a ticket, but Support has directed me back to Compliance. I can provide current documents and proof of my legal name change. My account is also under a withdrawal hold, making the 3-day deadline impossible. Need Help.

  • BitPrintzz
    Bitcoin Regime (@BitPrintzz) reported

    @bitfinex @PositiveCrypto Itโ€™s cold card issue reshuffle nothing than that. Look into URPD instead

  • strategytraderE
    Strategy Trader (@strategytraderE) reported

    @Karman_1s BNB support fails but Bitfinex BTC longs grow, alt weakness, not isolated crash.