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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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Community Discussion
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Bitfinex Issues Reports
Latest outage, problems and issue reports in social media:
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HypeDojo (@HypeDojo) reported> Coinbase down. > Binance down. > Bitfinex down. Hyperliquid remained online. Market participants don't care about promises during bull markets.They care about performance when everyone shows up at once.
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Kathlyn Tuccillo (@KathlynTuc77441) reportedBitcoin ETFs absorbed 13300 BTC last week against 3150 issued, but price rose only 2 percent. Bitfinex Alpha flags a demand engine turning seller as range support. Read report now, weigh in: what moves Bitcoin next? #Crypto
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The Bitcoin Cash Podcast (@TheBCHPodcast) reported@SteveSimple Directly, no. Indirectly, a strong showing on prediction markets would influence miners' (and everyone's) thinking/support. This is even a point Mechanic has made on the Roundtable before re Bitfinex 2017 futures. Pleb-funded hash or pleb-funded HODL demand, potato poTAHto.
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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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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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RelativelyIrrelevant.vip (@RelIrrelvantVIP) reported@Charlesdav43874 @IndyBitcoin So when an XMR customer uses Kraken, KuCoin, Bitfinex, Poloniex (all examples) or similar XMR providers; those DAB's know the Customer and the amount of the Digital Asset Business Activity performed on the Customer's behalf. Those XMR DABAs would not be anonymous & are taxable.
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KhaiDao (@Khaikhaidao) reported@blockchainrptr bitfinex down 60% is brutal, ngl. liquidity following the flight to binance i guess.
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FUINY7 (@FUINY77) reported@bitfinex Btc is broken, and you are delusional.
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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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Solana Sensei (@SolanaSensei) reported@Ryanhlx Oh **** it’s @bitfinex token apparently lol I didnt know
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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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TradingArgento (@TradingArgent0) reported@bitfinex No, it will retrace to the key level of 72k, a support zone.
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BroadSword (@BroadSwordBoy) reported@bitfinex Go **** yourself you ******* imbecile!! You should know better than to ask something so ******* stupid!! ******* embarrassing for security. Hey @bitfinex you should fire whoever posted this / running this account. I'll make sure no one in my circles uses your platform ever!!!
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umo (@0xumo) reported@bitfinex Terrible timing. Blocking this crap account
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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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Alex Thorn (@intangiblecoins) reported@BTCGUS21 @knutsvanholm coinbase famously did not list both. they didn’t list BCH until late 2017, and then to much controversy as it looked as if perhaps there was frontrunning of the listing however there were BCH perps on bitfinex to help the market determine its value, and some other exchanges did list BCH spot fairly quickly the most famous case of dumping BTC for BCH i’m aware of was jihan wu not seeing liquid perps, exchange statements about perps, major miner signaling re BIP-110 today.. appears to be an extreme minority
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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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Hovermere (@Hovermere) reported4/10 Cash is not flowing to “the RWA market.” It is flowing to whoever already owns the stack. Alkemya turns idle wire into working capital for GTX. Bitfinex Securities gets a record commodity listing under El Salvador’s rules. Vault, audit, and venues get paid for the plumbing whether a deep bid shows up or not. Subscribers only start getting paid after the waterfall moves: capital back, 6% preferred, then 80% of surplus. Until a distribution hits, outside money is the product being tested.
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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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𝗕𝗮𝗻𝗸XRP (@BankXRP) reportedXRP longs on Bitfinex just printed a massive round trip. Positions surged from 4.9M in June to a peak of 6.45M in late August one of the biggest leverage buildups this cycle. Now unwinding: longs down to 5.62M, price back to $1.41 (-1.61% today). Leverage got ahead of itself. Worth watching if this flushes further or finds support here.
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Chiutoshi Echomoto【₿=∞/21M】 (@Echochiu2) reportedGM Brothers and Sisters ✅Bitcoin price remains weak Despite the July U.S. CPI data coming in as expected, Bitcoin failed to react positively and dropped below $63,500, erasing earlier gains. The price is currently hovering around the $63,000 level and underperforming relative to U.S. equities and other risk assets. ✅Shift in Federal Reserve rate expectations Combined with recent soft labor-market data, the in-line CPI print has pushed the probability of the Fed holding rates steady at the September meeting up to 60%. This is generally viewed as a supportive environment for crypto and risk assets, though Bitcoin has not yet shown a clear positive response. ✅Analysts warn of weakening support Trader Rekt Capital notes that the ~$63,000 support level is progressively weakening, with bounce sizes shrinking from 6.27% → 5.83% → 3.18% → just 1.15%. He warns that “at some point the bounces will become so weak that the floor will simply break.” Bitfinex research also highlights strong resistance in the $65,000–$65,500 zone, which Bitcoin has failed to close above since late July. ✅What to watch next Attention now turns to Thursday’s July Producer Price Index data, which could influence market volatility and the elevated downside protection premiums currently seen in Bitcoin options markets. ---------------- Plan accordingly & Choose wisely ✨May your life radiant with Bitcoin✨ bitcoin:native
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Rob Leder 🟥 (@rleder) reported@romanwagmi @notgrubles The first guy used a paid account with a public blockstream explorer. I’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 can’t do when a 3-letter agency has a task force specifically dedicated to hunting you down.
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CryptoSuzy888 (@CryptoSuzy888) reported@AshCrypto The Timeline of a Slow DeathThe First Strike (June 24, 2022): This was the day the network actually flatlined. North Korea's notorious Lazarus Group exploited Harmony's Horizon Bridge, looting $100 million in various crypto assets. The hack completely unpegged Harmony's wrapped assets, draining the network's liquidity and destroying user trust overnight. The Slow Coma (2022–2025): For the last four years, Harmony existed on life support. Total Value Locked (TVL) collapsed by over 99%—crashing from a multi-billion dollar peak down to a ghost-town baseline. Major institutional platforms slowly severed ties, including Bitfinex delisting the asset, and derivatives platform BitDelta purging its ONEUSD futures contracts. The Corpse Exploit (Today — August 12, 2026): Because the team and developer activity had largely abandoned the chain, severe logical bugs were left completely unpatched. Today's attacker simply walked through an open door, exploiting cross-shard vulnerabilities to forge receipts and mint 3 trillion rogue tokens out of thin air to dump onto exchanges.
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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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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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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: Unlike yesterday’s slight decline, Binance showed a more distinct step down today. The other three exchanges showed no change. [07-28-2026]
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CryptoJGM (@CryptoJM95) 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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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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squid (@hopium_dealer) reportedamount is small relative to liquidity. Also, reminiscent of 2016 bitfinex heist, stolen BTC is notoriously hard to exit at size. marginal as supply for months probably. market reaction to this terrible news, triple-bottoming at $62.5k support, is surprisingly bullish.
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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.