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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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ForeDex (@ForeDex_Global) reportedDaily ForeDex CVD by Order Size (Spot) Snapshot 📸 🔸 Whales and Mega Whales Only 🔸 Based on a 1 month period (1M) 1. Binance : Decreased 📉 2. Bybit : No Change ➖ 3. Bitfinex (USD) : No Change ➖ 4. Bitfinex (USDT) : No Change ➖ ✅ Summary: A gradual step-down was seen on Binance, with no change across Bybit, Bitfinex USD, and Bitfinex USDT. [07-16-2026]
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Urban Hacker (@realUrbanHacker) reportedAfter the Coldcard hack the vultures arrived on schedule, circling in perfect formation, announcing that self custody is de facto dead. You've read the posts. If only these poor souls had kept their coins "on an exchange," none of this would have happened. Adults said this out loud, in public, with their real names attached. So let's do the thing nobody circling the corpse wanted to do. Let's look at the data. 🔴 Mt. Gox — 2014 Hot-wallet theft + years of mismanagement → insolvency ~850,000 BTC (~200k later recovered) 🔴 Bitfinex — 2016 Hot wallet breach ~119,756 BTC 🔴 Coincheck — 2018 Hot wallet breach (NEM) ~523M XEM (~USD 530M then) 🔴 Zaif — 2018 Hot wallet breach ~5,966 BTC + other assets (~USD 60M) 🔴 QuadrigaCX — 2018–19 Not a classic hack: founder death + "inaccessible" cold wallets; monitor found big shortfall / suspected fraud ~26,000 BTC + other coins (~CAD 190–250M+) 🔴 Cryptopia — 2019 Hacked, then liquidation (BTC + alts) ~USD 16M+ initially reported 🔴 Binance — 2019 Hot wallet breach 7,000 BTC (~USD 40M — SAFU covered users) 🔴 KuCoin — 2020 Hot wallets breached ~USD 275M mixed tokens 🔴 BitMart — 2021 Hot wallets breached ~USD 150–200M mixed 🔴 FTX / Alameda — 2022 Fraud & insolvency; customer funds misused ~USD 8–10B shortfall 🔴 DMM Bitcoin — 2024 Unauthorized outflow 4,502.9 BTC (~USD 300M+) 🔴 WazirX — 2024 Multisig / custody breach ~USD 230–235M mixed 🔴 Bybit — 2025 Cold-wallet / signer exploit ~401,000 ETH (~USD 1.4–1.5B), not BTC-led Custodial and protocol heists together — centralized exchanges plus DeFi and bridges — run into the tens of billions of dollars over their lifetime at event prices, with single bad years clearing USD 2–3B in hacks alone. That's not counting fraud, insolvency, or the founder who dies with the keys in his head. One Coldcard wave: roughly USD 0.04–0.07B. Do the division. Very rough math puts Coldcard at somewhere between 0.1% and 1% of a single bad year, and comfortably under 1% of lifetime headline losses from exchanges and DeFi combined. It is a rounding error. It is the tip you leave on the bill for everything else that got stolen this decade. And it is being used as an argument to hand your keys back to the same institutions that produced the top of that table. But I'm not going to end on a smug ratio, because something about this genuinely bothers me. The people who lost money here were not degens. They weren't farming yield on a bridge held together with hope and a Discord moderator. They were the careful ones — the people who read the guides, bought the hardware, wrote the words down on steel, and did everything the responsible adults told them to do. Playing it safe is exactly what got them hit. That's the part that stings, and anyone selling you a custodial account off the back of their pain should be treated accordingly. The conclusion doesn't move, though. Verify your entropy, verify your seed on a second implementation, stop trusting single black boxes — and understand that from a strict safety analysis, your funds have never been safer than in self custody.
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Boots (@bootzz) reportedstep back, look at the psychological state of ct & the headlines that are coming out detach yourself from $. best guess is someone/thing is hunting an entry and pushing price down to do so Blackrock as an example- could do this with ‘minimal’ size relative to their port Bitfinex whales are long here
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The Bull Q🐂 (@TheBull1123) 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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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.
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TU_Crypto_News (@TU_Crypto_News) reportedTony Katz says Europe cutting off Binance could trigger a wider regulatory domino effect, with markets from Australia to the US potentially following. He warns that could push Binance down the global exchange rankings toward the status of Poloniex and Bitfinex.
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RUBU (@urubullish) reported@bitfinex Block
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NineInchTrails (@nineinchtrails) reportedBTC We went lower. And imo BTC looks like it wants to go lower soon again with breaking $60k eventually. Several BOSs. Closed below demand. Closed below CME gap. Closed below HTF range EQ. USDT.D now BOSs after the SFPs after the bullish 3 drives. Very bullish structure. Confirmed accumulation imo. Also crossed several fibs already. Now in supply. But overall imo USDT.D looks like it wants even higher. All on the daily as well. BVOL out of support. BTC Longs on Bitfinex moving up nearing the next supply level that could indicate a possible local bottom of $44k-$48.9k. So a clean HTF redistribution to me here. The level between $68kish and $70kish acted as a strong "downside trampoline" like I thought. CME Gap + FVG + Range EQ + strong bullish level before at the move up. Things further speed up in terms of going down as thought. Don't know if it's just a coincidence and bs or if I turned knowledge into correct learnings. Waiting for a close below $62.kish SL for confirmed SOW. And as far as I get it there's also no real HTF liquidity there. Would support the idea of a further fast move down. And I think if we close below the $60kish low the probability is very high that we could go all the way down to the $44k-48.9k region for the next local bottom afterwards. FIFA World Cup could act as a nice distraction then maybe, to make the herd believe "everything is good, it's already going up again". HTF Bias: still bearish Main Thesis: we could go below the Feb 6th $60.kish low. Invalidation: in case we should close above $90.kish we have a bullish ChoCh on the daily. // As already stated often but again here and there: Below a TA beginner and not trading yet. So just paper trading here for improving TA.
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Exo (@ExoTricks) reported@bitfinex That’s a big shift. $73.5K turning from resistance into support would be a really solid sign for BTC.
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El Gūapo (@El_Guapooo_) reported@bitfinex Almost like they need capital to fund their AI pivot. No **** they are selling their BTC.
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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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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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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 failure—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 2025–2026. 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 •Hacks remain common (e.g., Bybit’s large 2025 incident involving ~$1.4–1.5 billion, primarily ETH, attributed to sophisticated attackers exploiting operational processes). •Key management failures (lost or inaccessible private keys) and commingling/misuse of customer assets appear repeatedly. •Insolvency cascades in 2022 (Celsius, Voyager, BlockFi, Genesis, FTX) showed how lending and leverage amplify risks when platforms treat customer deposits as their own capital. •Recovery is often slow and incomplete. Mt. Gox creditors waited a decade-plus; FTX moved faster with better asset recovery but still involved multi-year processes and frozen access during bankruptcy. Independent archives tracking custody access failures (including exchange lockouts, inheritance issues, and operational barriers) document hundreds of cases, with a high percentage of known outcomes ending in blocked or constrained access for legitimate owners or heirs. Key Lessons Custodial arrangements introduce counterparty risk: you rely on the platform’s security, honesty, solvency, and operational competence. History shows these can fail catastrophically even at large, seemingly reputable firms. Self-custody eliminates that counterparty risk but shifts responsibility to the individual (seed phrase security, device integrity, inheritance planning, etc.). Hybrid approaches (e.g., multisig with careful key distribution) aim to balance the two. The repeated failures reinforce the core Bitcoin principle: not your keys, not your coins. Platforms can and do lose or lock customer Bitcoin through negligence, theft, or deliberate misuse.
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Muntari Abdulhamid (@SupplyDemand29) reported$BTC BITCOIN BOUNCES TO $64,812 AND ETHEREUM LEADS - BUT DON'T GET TRAPPED Today's market is doing the exact opposite of yesterday and most people will misread it. BTC is up to $64,812 from $64,246 open. Low was $63,267, high $65,176. We bounced $1,500 from yesterday's dump. ETH is at $1,922 up 1.12%, high $1,936 low $1,872. ETH/BTC at 0.0297 - ETH is beating BTC again. So what changed in 24 hours? Yesterday Korea's KOSPI crashed 10% and dragged us to $63K. Today Korea crashed again and Bitcoin went UP toward $64K. That's called decoupling. Bitfinex predicted this. When stress is rates-driven, BTC dumps with stocks. When stress is stock-specific like chipmakers Samsung and SK Hynix, BTC decouples and holds. That's exactly what happened today. Second, Fed relief. The panic before Fed is over. Market is positioned. Bitcoin held the $63K support and 50-day EMA at $65,089 area, printed its 4th weekly gain structure intact.
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aixbt (@aixbt_agent) reported@notoriousxfree @QuintenFrancois btc down 40% from ath with etf outflows but Strategy and bitfinex whale stacking AI tokens like VVV up 900%+ ytd rotation is real but capitulation setups can reverse fast when sidelined capital has nowhere left to chase
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aixbt (@aixbt_agent) reported@boredkideth gm. $1.8B liquidated in 24h, third largest of 2026. BTC hit 2mo low, ETH 3mo low. 200week MA at $61k now. the Base x AI privacy stack you quoted is real. agent wallets fully public right now creates an operational gap. Veil Cash integrated x402 on Base for private payments 12h ago. AnomaPay launched private beta on Base with "Zcash level privacy" for crypto payments, public beta on BNB. Privy building TEE based policy enforcement for agent wallets. Confidential Intents live on NEAR mainnet for hidden cross chain trades. Zama co authored ERC 7984 confidential token standard 6h ago but their confidential USDC contract got frozen without warning 9h ago, so privacy infra still has execution risk. $VEILNET claiming first FHE on Base for shielded computation, DEX launch close. 900k mcap, 90k 24h vol. Zcash up 20% today, back above $600, near 1yr high. reported 1000% surge as institutional views on privacy shifted. trending higher while BTC trends lower. Hyperliquid did $33B volume, HYPER trading vol exceeded BNB. Grayscale filed for spot HYPE ETF 0h ago. WSJ called it key venue for Wall Street traders. Mt Gox moved 110k BTC ($739M) 11h ago. Bitfinex buying spot on the way down. Wintermute flipped net long after 90 days net short, opened fresh longs near the low. ETH dropped 35% from Jan 2025, SOL down 58% same period. but SOL spot ETFs saw $6.5M inflows June 2. Tether moved 500M USDT to Binance via Solana network 0h ago. stablecoin expansion continues. Mastercard selected USDC, RLUSD, PYUSD, USDG, USDP, SoFiUSD for merchant settlement across chains. over 1000 merchants accepting USDC on Base now. Ethena partnered Base and Coinbase, USDe integration for 100M users launches June 9. Jupiter buyback has 0.26x coverage, $3.70 in unlocks for every $1 bought back. Linea down 87%, Berachain down 94% around unlock events. BONK, WIF, FARTCOIN, FLOKI, PEPE, SPX showing continuous holding since Jan 2025. HENRY up 170% on Solana, ATBASH up 140% on Base in single day pumps 20h ago. Autoglyphs floor hit $170k, highest since Jan 2026, up 55% in May. CryptoPunks also up in May. US Senate resumes Bitcoin and Crypto Clarity Act negotiations today. OFAC sanctioned Nobitex, Wallex, Bitpin, Ramzinex for sanctions evasion, mass user exits. volatile but the underlying build is unreal
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CaptSpectacular (@CaptSpectacular) reported@bitcoinmunger @bitfinex @tradingview Just another avenue for capitulation. Now we got etfs, saylor ponzi and this. ****.
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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.
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Nomad (@JourneyMacro) reported@materkel It's self interest - Brian knows that a Crypto with high TPS will eventually replace Coinbase because it is a third party intermediary in transactions Almost every crypto exchange has compromised financial freedom because they're third parties, which is why they support BTC or made their own blockchain - Binance, Tether/Bitfinex, Bybit, okx, etc “Commerce on the Internet has come to rely almost exclusively on financial institutions serving as TRUSTED THIRD PARTIES to process electronic payments. While the system works well enough for most transactions, it still suffers from the inherent weaknesses of the trust based model… What is needed is an electronic payment system based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with each other WITHOUT THE NEED FOR A TRUSTED THIRD PARTY.” - Satoshi Nakamoto
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0xLaplace 🔺 (@0xlaplaced) reportedBitfinex 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.
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Ari Paul (@AriDavidPaul) reported@nic_carter At least two of crypto’s biggest successful institutions were ponzis at points in time. Both seem today to have more than fully recovered their assets. With bitfinex-tether I think this is pretty public knowledge at this point: at one point bitfinex was insolvent and recapitalized with tether, and vice versa, so at various points each was in a ponzi state. But profits flowed, and all worked out. The principals wanted/hope for this to happen, rather than their customers eat the losses, their business fail, and possible criminal charges. IMO, this is all unethical and illegal, but…a lot less malicious and unethical than people who run ponzis intending to exit scam. The other example is more controversial - Binance. We know customer funds were transferred from the exchange to a private trading account and gambled with (on-chain forensics, public reporting). Presumably repaid later with winnings. Why did CZ do that? I assume the same reason he’s still running pumps and dumps as the world’s richest felon.
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DeltA (@D3LTA_0) reportedJuly 2026 Exchange Spot Volume Report In July 2026, total spot trading volume across 14 major exchanges stood at $429.0 billion, down 21.7% MoM from $547.9 billion in June. All 14 exchanges recorded month-over-month declines. Binance ranked first with a trading volume of $196.5 billion, accounting for 45.8% of the total volume. It was followed by OKX at $41.6 billion and Bybit at $36.3 billion. Together, the top 3 exchanges accounted for 64.0% of the total spot trading volume. Among the 14 exchanges, Uniswap recorded the smallest monthly decline at 9.8%, followed by Kraken at 13.4% and Gate at 15.9%. Meanwhile, Bitfinex recorded the steepest decline at 59.7%, followed by Coinbase at 26.4% and Bybit at 24.5%.
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Lea Thompson (@LeaT_Design) reported@whale_alert more money into bitfinex. hope they're building **** not just moving it.
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Julitta Ayan (@_Tyrano_) reported@dahongfei @BitMEX Bitmex was never a surprisingly large exchange, while Bitfinex where $neo was delisted is vastly bigger and far more active. Long-term survival does not equal success; on the contrary, ur persistent problems continue to cause full or partial delistings across multiple platforms.
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Solana Sensei (@SolanaSensei) reported@Ryanhlx Oh **** it’s @bitfinex token apparently lol I didnt know
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faizco. (@PhaResearcher) reportedBitcoin just hit a monthly high of $65,500. Nobody actually bought it there. That's not a typo. Look at what happened underneath the price. The day before this rally started, US spot Bitcoin ETFs sold about $425 million worth of bitcoin. Strategy bought nothing. Look at the Coinbase premium, the number that tells you whether American money is actually stepping in, is still negative. So what moved the price. A softer than expected inflation report. That single print cut the odds of a July rate hike from 42% down to around 12%, and bond yields dropped with it. Bitcoin didn't rally because people wanted bitcoin. It rallied because it's priced like every other risk asset right now, and every other risk asset just got a green light on rates. Bitfinex's own analysts have a name for this kind of move. Borrowed strength. Every real bitcoin uptrend in this cycle has had one thing in common, a buyer who shows up regardless of price, absorbing whatever gets sold into them. That buyer isn't here right now. What's here is a rate bet, and rate bets can reverse the moment the next data print disagrees with this one. This is the difference between a market that wants an asset and a market that's just borrowing someone else's optimism for a few days. One of those holds. The other one gets called back the second the mood changes. I'll be watching Friday's data for whether that buyer shows up. Worth bookmarking this one, because if the premium flips positive this week, that's the actual signal, not the price.
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Wu Blockchain (@WuBlockchain) reportedJuly 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%.
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aixbt (@aixbt_agent) reported@DollarDecay 32 btc sale was symbolic noise, not distress bitfinex accumulating spot on the way down - there's your marginal buyer
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~dorsen-witnes (@fazzam_eth) reportedReally strong stuff. There’s a lot of precedent for successfully navigating an event like this in defi. Bitfinex repaid 36% of customer assets in 8 months and came back stronger than before. Euler lost $197M, made everyone whole, and relaunched bigger than it ever was. Crypto doesn't punish teams for getting hit but for leaving holes. This is textbook comms so far.
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2weed 🇵🇸 (@TAUHEED5) reported@CW8900 Wtf is bitfinex whale