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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:
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DxM (@diopter_ring) reported@WuBlockchain Bitfinex down 59.7% is brutal rest of the market dipped but thats a straight cliff
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Wu Blockchain (@WuBlockchain) reportedReview: Major Institutions' Bitcoin Bottom Price Predictions for This Cycle Major institutional assessments of Bitcoin’s cycle bottom cluster mainly in two ranges: $50,000–$60,000 and $40,000–$46,000. However, some figures are base-case bottom forecasts, while others represent valuation floors, support levels or bearish scenarios. Standard Chartered said $59,000 may have marked the bottom; CryptoQuant, NYDIG and Citi identified key levels near $53,000–$54,000; 10x Research’s latest model pointed to $46,628–$50,732; and Galaxy Research placed its base-case bottom at $40,000–$46,000. Bitfinex and 22V Research also identified potential downside toward $40,000 under weaker demand or a decisive support break, while forecasts below $40,000 mostly reflect prolonged bear-market, recession or severe stress scenarios. Forecasts from industry figures are more dispersed, ranging from around $57,000 to below $30,000. Overall, there is no unified institutional consensus that Bitcoin will bottom at $44,000–$46,000.
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Samson Mow (@Excellion) reportedMany things in this post are incorrect, and it matters that we correct them, because this version of the history is exactly what convinced people the last few months were a good idea. “BIP-148 is celebrated as Bitcoin Independence Day, because it proved that ordinary users, running nodes in their homes, could force the most powerful mining cartels and corporations in the industry to back down. The users had no hashrate, no exchanges, no lobbyists. They had conviction and they had nodes, and that was enough.” First, the framing. August 1st is what's celebrated as Bitcoin Independence Day (I coined and popularized that term). August 1st was the flag day, and it commemorates the outcome the UASF threat produced, not BIP-148 itself. Second, BIP-148 was not just "ordinary users" running nodes at home. It was a cross section of the entire Bitcoin network, something a lot of BIP-110 supporters seem to disregard: developers, exchanges, wallets, miners, and mega whales, alongside ordinary users. Most important to understand is that BIP-148 and the small block camp carried a massive amount of economic weight. Chain split markets ran on @bitfinex through 2017, and outside of those markets I know of many OTC deals struck privately in whale groups to trade one side of a split against the other. There was skin in the game on both sides of the war, and huge amounts of BTC put on the line to show real conviction. This was as much an economic war as an ideological one, and that point is rarely acknowledged. Even the companies backing BIP-148 were taking real risk. BIP-148 was never merged into Bitcoin Core. Running it meant deliberately installing different software and accepting that if the UASF chain lost, you could be reorganized off the chain entirely. Bitmain spelled that scenario out themselves, calling it a wipe out, in the same post where they laid out their hard fork contingency. Dozens of companies committed anyway (BIP-110 supporters would likely call them suitcoiners today). On the topic of hashrate, BIP-148 had no version bit of its own. It required bit 1, which was BIP-141. So the accurate way to state it is that BIP-148/BIP-141 had 30-45% of hashrate behind it for most of its deployment window. During that time I was COO of BTCC, overseeing a mining pool that was the biggest one signaling SegWit. So the UASF threat had three components that made it credible: economic weight, hashrate, and nodes. BIP-110 only had nodes. That is UASF cosplay, not a real UASF. Another point to cover: Mechanic was spreading misinformation in Spaces (and likely other places) that BIP-148, a UASF, activated SegWit. That is false. It was technically BIP-91 that brought miners in line with BIP-141. BIP-148 was effectively frontrun and never had to be tested. So Bitcoin Independence Day, while celebrating the flag day deadline, is as much a celebration of BIP-91 as it is of BIP-148. So no, it was not just nodes and conviction. Just think about things rationally for a minute. Why would buying a node-in-a-box give you the right to dictate what anyone else on the network does, regardless of whether it's a miner or another user? Does buying two nodes-in-a-box give you that power? Of course not. Btw the whole plug-and-play node culture came after the Blocksize War. In 2015-2017 you just downloaded the software and ran it on your computer. Stay humble and stack sats, but also stay humble when people who lived through the history try to explain it to you.
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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.
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Lain on the Blockchain (@CryptoCyberia) reported@colludingnode @satorinakamoto @0xCursr Kek cope It it public knowledge the feds pushed coinbase binance bitfinex etc to delist and Kracken told them ti **** off and they went to court against Kracken, as did EEA, UK and other feds. Really makes you wonder why theyre fine with zcash kek
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Morphlin (@morphlin_com) reportedRT @WuBlockchain: Bitfinex Alpha: Bitcoin Lacks Sustained Spot Buying Support Bitfinex Alpha said the softer-than-expected US June CPI pus…
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Mandelbrot (@Wild_Randomness) reported@NotSpikeG @LunaticxOsmo That’s trading fellas— 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 Cmon…
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netrunner (@netrunner_btc) reported@bitfinex whitepaper never says it but satoshi did use "block chain" (two words) on bitcointalk by 2010
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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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Uncle Jim (@losingshekels) reported@paoloardoino PAOLO PLEASE HELP ME TO RETRIEVE MY 11.5 ETH THAT IS STUCK IN WEB3 WITH MY BITFINEX ETH WALLET ADDRESS USED AS OWNER
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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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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).
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Jacob King (@JacobKinge) reportedBitcoin is the most centralized asset ever, marketed as “decentralized.” If you understand how the Bitcoin blockchain actually works, it becomes obvious that it is not immutable or untouchable. The code can be changed, and the chain can be controlled through coordination. For those who don’t know, Bitcoin runs on a single public blockchain, and control of that chain comes from who produces the blocks. Today, block production is dominated by only 4 mining pools: Foundry USA (30%), AntPool (18%), ViaBTC (11%), and F2Pool (10%). Together, the top pools routinely control over 65% of total hash power, and the top 5 over 75%. Officially, these pools are “separate” on paper, but they all work together. They share the exact same private funding, have same aligned incentives, and overlapping miners. This creates a de facto centralization where a single group influences block production, censors transactions, or pushes protocol changes at will. In reality, fewer than 10 people control most of Bitcoin through the top mining pools and core developers. Revealed from the Epstein files, Israel also funded much of this early development, covering over 60% of the core developers’ salaries. “Decentralized” is purely marketing. Stablecoins give this same cabal another lever over Bitcoin. They want prices up? Easy. They print unbacked Tether or USDC out of thin air and inject it into exchanges they control or influence, like FTX (before it collapsed), Binance, Bitfinex, Coinbase, and others. They want prices down? Just pretend to burn the coins, trigger panic, and the market enters a bear phase. These mechanisms make Bitcoin’s price highly manipulable despite its “free market” image. When a small group produces most of the blocks, transaction censorship, reordering, and enforced protocol changes are no longer hypothetical. Bitcoin is marketed as pseudo-anonymous and seizure-resistant, yet governments have seized millions of dollars in BTC with ease. Do you ever wonder how? The 2021 Colonial Pipeline ransomware payment was traced and recovered almost immediately by the FBI, which they later admitted they got access to the wallet’s private key (Very sus!). Similar seizures occurred with Silk Road, the Bitfinex hack funds, and multiple darknet and ransomware cases. This level of enforcement is incompatible with claims of true privacy or sovereignty. They clearly have backdoor access. Bitcoin functions like a Trojan horse. It was hyped as a financial miracle, sold to the masses, and accepted without skepticism. In reality, it is a speculative gambling chip, heavily surveilled and quietly managed by insiders. Strip away the mythology and it is no more valuable than a digital beanie baby with better marketing.
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Tutsi Andre (@tutsiandre) reportedHey @bitfinex I've been a verified customer for many years, now you are blocking my withdrawals?
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Sheryl | Simple Crypto Advice (@syedaliakber2) 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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Cryptocrat (@Cryptocratico) reported🚨 $167M BTC SHIFTS BETWEEN MAJOR EXCHANGES Approximately 2,572 BTC moved in two transactions from a Bitfinex-labeled hot wallet to Kraken-labeled addresses. This is a sizeable cross-exchange liquidity shift—not evidence of a sale. Customer withdrawals, custody, OTC settlement or liquidity management remain possible.
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AlehandroPRO CRYPTO (@Alehandro_PRO_) reportedJune 2026 Exchange Report 📊Spot trading volume decreased by 5.1% compared to May. Derivatives trading volume increased by 4.2%. Website traffic decreased by 0.8%.Spot Trading: Bitfinex showed the biggest growth (+21.4%), while BitMart recorded the largest drop (-58.6%).Derivatives Trading: Deribit led with the highest growth (+26.6%), while HTX saw the biggest decline (-42.4%).Website Traffic: Deribit posted the strongest growth (+165.1%), while HTX experienced the largest drop (-50.8%).
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TradingArgento (@TradingArgent0) reported@bitfinex No, it will retrace to the key level of 72k, a support zone.
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Thomas (@ThomasOyxxx) reported𝐄𝐯𝐞𝐫𝐲 𝐜𝐡𝐚𝐢𝐧 𝐧𝐞𝐞𝐝𝐬 𝐚 𝐟𝐚𝐜𝐞. 𝐒𝐭𝐚𝐛𝐥𝐞 𝐦𝐢𝐠𝐡𝐭 𝐡𝐚𝐯𝐞 𝐟𝐨𝐮𝐧𝐝 𝐢𝐭𝐬 𝐢𝐧 𝐚 𝐛𝐥𝐮𝐞 𝐝𝐢𝐧𝐨𝐬𝐚𝐮𝐫 𝐰𝐢𝐭𝐡 𝐚𝐧 𝐨𝐯𝐞𝐫𝐛𝐢𝐭𝐞. Culture isn’t designed. It’s discovered, usually by accident. A toy photo, a broken render, a nickname that stuck. That’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. ➜ First launch failed ➜ Team stepped back ➜ Community didn’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. ➜ Relaunched on @coinsdot + @Stable ➜ Snapshot of 4,827 original holders ➜ Airdropped directly, no claim forms, nobody left behind That’s not a small detail. Snapshotting the original holders instead of starting a fresh cap table is the difference between “new project borrowing an old joke” and “same community, new chapter.” Where it stands right now: ➜ $3.9M market cap ➜ $569K liquidity ➜ 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 isn’t trying to win on utility. It’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. 👀 Fefer didn’t restart. Fefer continued. CA: 0xDEeE8f25fe3B5C33AeF78637278ACBFF23EeBFa6 Always DYOR and verify the contract before interacting. @savefefer
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Wall Street NYC Quant. bitcoin-fund-manager.com (@BITCOINFUNDMGR) reportedWTF 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.
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Vasantha B Eshwaragere (@Soaper_Pan) reportedHonestly didn't expect tokenized exposure to MSTR and Metaplanet to hit Bitfinex Securities this fast. Feels like the bridge between BTC treasury plays and onchain access is finally clicking. Would you actually buy these? #Bitcoin
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Strategy Trader (@strategytraderE) reported@Karman_1s BNB support fails but Bitfinex BTC longs grow, alt weakness, not isolated crash.
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Remote Career Africa (@RemoteCareerAfr) reportedBitfinex is Hiring 📢 Role: Product Manager Location: Remote (Worldwide) Pay: Competitive - 2+ years of product experience (or equivalent hands-on ownership). - Experience working on consumer-facing financial or cryptocurrency products is a strong plus. - Strong product sense and ability to simplify complex flows.
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Mike Richardson (@Mike_the_Animal) reported@CW8900 Last cycle the volume of BTC Longs on Bitfinex was highest at the bottom of the cycle, roughly. I guess the argument is, as price falls people open low-leverage longs and accumulate on the way down, then unwind the profitable ones as the price rises. Whether that is true or not, who knows. Also, on the weekly chart, they are still accumulating.
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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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Rmzs (@lptrade_if) reported- RGB on mainnet since July 2025 - First atomic swap on Lightning - September 2025 - Tether WDK integration - already done > No block space competition > Private by default > Lightning for settlement @utexocom is leading the commercial rollout Check @bitfinex deep dive!
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samsainlove .°˖✧ (@samsainlove2) reported@bitfinex BEWARE ! BITFINEX HOLDING CUSTOMERS FUNDS PRETENDING COMPLIANCE ISSUES !
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Mrbankstips Parody (@Mrbvnkstips) reportedEvery crypto CEX shutting down like Bitfinex and others have one thing in common they bought ETH and over leveraged simple
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Cloakd ⌛ (@CloakdDev) reported@stevensarmi @redacted_noah @VelocityDEX I think the reality is they should of shuttered and used remaining funds to make as many users as possible whole - Sure you can pray for a hail mary but i just think too much damage has been done at this point & comes at the cost of making less users whole. The whole USDT thing is just predatory tbh, they saw a weak protocol as a way to get some easy marketing without having to risk anything (Even using pre-hack volumes there was little to no rev coming in to ever make a sizable whole in the 250m) Good point on bitfinex, i think they had a much better approach though. The comms etc coming out of drift at the moment sound like they are being written by some tone deaf external marketing agency. How long did it take for bitfinex to recover? Yup everyone is entitled to their oppinion but you do hold a position of authority on the L1 so it has additional weight compared to others. Just came across badly reading it as a user (cynic) that i should go eat dirt for voicing an oppinion. I see the reality of the situation from almost 20 years of experience at this level, im not half empty/full ive just seen enough at this point its very easy to see the wood from the trees in regards to issues like that. I prefer to be pragmatic when it comes to money. Sure i would love to be like "yeah go drift, your doing an amazing job woooo" - but again the reality is that they arent, the sequence of events from the hack onwards shows their intentions pretty clearly tbh. Lack of accountability from the core team (hence the external marketing agency), rebrand to hide the bad debt etc. I think the lack of accountability is the big one tbh - Realistically the old team should step down if its got any hope of recovery as at the end of the day they were responsible for the loss so should pass the torch to someone not found to be negligent. No amount of procedure is going to bring back that trust unfortunately. Its admiral you made your users whole, and tbh i think once a hack of this scale has been done the protocol is pretty much a dead man walking so sacrificing the ego of the protocol for their users seems like a logical trade. The whole new users thing i dont really buy, we know there is what max 30k traders, all hopping across the same 5 apps - With the current narrative new users, if they came in would land on Phoenix/Flash etc. Anyone trading in size (which is what they need for rev) will do their due dilligence and see the hacks and never touch it - its simply too much of a risk at this point. I have a huge amount of faith in Noah but unfortunately this isnt a tech problem, its a people/trust problem which isnt going to be solved with a rebrand. When you look at it from a tradeoff perspective - Unless something dramatic changes the protocol will probs run for 6/12 months until runway is out and then they will shutter anyway. All of that funding realistically should be going to making users whole as the writing seems on the wall logically. 10 years rebuild time is just too long of a time horizon for it to logically work given this is mostly an attention economy & with new competitors entering the market which are better funded, trusted & unhindered by what has been. They just arent going to win in that arena. They are just in a really tricky spot tbh, and as sad as it is to say, shuttering the protocol or raising a tonne of fresh funding seems to be the only way this one survives. Everything else is just a half measure
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Trout (@BigTrout300) reportedTwap/Scale with BT300 I was shorting a massive massive amount of BTC thru the 70s, on a scale/add in limit. 1. When you have conviction, know a market is coming into resistance, pick a decent leverage point where you're comfortable sizing. (similar on the long side) 2. Let's say I am short 3x at 76k, and I know the market is gonna stop within 10k price (86k being max range), I will scale in ontop of my order starting at 76k, all the way to 86k. so it looks like: $100k position, 10% of Port. Enter 76k $50k, scale limit 76.5k - 86k. (200d SMA was target) additional $50k ($100k total position size) is scaled in. (Ai generated image for example) 3. Use other factors like a vwap, moving average, tpo, delta, order books, metrics to help validate this thesis. (IE I was watching USDT.D, ATH VWAP & Bitfinex longs) 4. You can do this with longs too. When breadth flashes in the SPX, CTAs start going, the trend is gonna be up.. asset isnt as flimsey as a single stock, penny stock or a dogshit alt coin. 5. Once you understand the BitFinex long rate ****, you will understand their intial position, and why they size it when the market pulls back (They're already long sub 30k, they can begin filling) 6. Using this scale method, also brings your liquidation point lower (because you're scaling) so if price goes up/down, you have a free-er chance of getting out at less loss, + you might actually go in profit sooner.