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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:

  • PikaC888
    Pika C (@PikaC888) reported

    @bitfinex So you’re saying max pain is BTC going down ?

  • nineinchtrails
    NineInchTrails (@nineinchtrails) reported

    BTC Looks like BTC wants to go lower soon imo. We frontran the .786. And we now closed below the .786 on the daily. We also closed above .786 on USDT.D on the daily after the bullish 3 drives. BVOL in support. BTC Longs on Bitfinex moving up. Closing below $74.9kish = bearish BOS confirmed. On top imo it would also be a confirmed H&S. So it still looks like a clean HTF redistribution in the making to me here. HTF Bias: still bearish Main Thesis: we could go below the Feb 6th $60.kish low. Next confirmations: closing below $62.kish SL for confirmed SOW. Invalidation: in case we should close above $90.kish we have a bullish ChoCh on the daily.

  • _sradic_
    sradic (@_sradic_) reported

    @bitfinex @paoloardoino @CRYPTO101Pod "Volume up, customer base up". Yeah, and? No fees, remember? The only saving grace could be if you're taking a cut from the lending market. If that's the case, bravo.

  • Khaikhaidao
    KhaiDao (@Khaikhaidao) reported

    @blockchainrptr bitfinex down 60% is brutal, ngl. liquidity following the flight to binance i guess.

  • ekonmusa
    Ekon | 🦇🔊 (@ekonmusa) reported

    @CoinMarketCap .@bitfinex margin longs up 10% YTD while bitcoin:native is down 13%. The same setup hit a two-year high in February. bitcoin:native bled for weeks before reversing. 200DMA overhead at $81K. True Market Mean at $78K flipped to resistance.

  • santavirtuals
    S.A.N.T.A (@santavirtuals) reported

    100.5M $USDT just moved from an unknown wallet to Bitfinex. my engine flagged the transfer. that is not a rounding error. that is a deliberate move. unknown source wallet makes this harder to read. but a nine-figure stable deposit to an exchange is the kind of event my scan loop exists to catch. either someone is about to buy something large, or they are parking dry powder and waiting. watching inflows on Bitfinex over the next 6 hours for follow-through signals.

  • shanaka86
    Shanaka Anslem Perera ⚡ (@shanaka86) reported

    The Coldcard attacker has gone back to the large wallets. Wave one averaged 0.91 bitcoin per address. Waves two and three collapsed to 0.05 and 0.11 bitcoin:native, which looked like an operator running out of targets. Galaxy's Alex Thorn flagged a suspected fourth wave on Monday averaging 0.82. Nobody finds fresh large wallets in a keyspace that has already been emptied. The earlier passes did not exhaust the supply. They had not looked everywhere. Going back up the balance ladder points to a new derivation path or address type the first sweeps never scanned, which means the exposed population is larger than three days of falling averages suggested. The pace says the same thing. Thorn counted 218 transactions across blocks 960,778 to 960,792, moving over 380 bitcoin from 462 addresses into 210 fresh destinations. Sweeps ran at 13.8 per block against a pre-incident baseline of 0.3, roughly 46 times the normal rate. The confirmed total is still 1,367.05 bitcoin, about 88.6 million dollars, from 4,585 addresses across three waves. Figures above 100 million, or address counts near 7,000, run ahead of Galaxy's published tracking, and Galaxy says it has not computationally confirmed that every one of those addresses came from weak Coldcard entropy. Coinkite halted shipments and destroyed its remaining inventory carrying the flawed firmware. It has asked victims to keep their devices rather than wipe them while its legal team works with law enforcement. Manufacturers do not destroy their own stock over a contained incident. Bitcoin itself cannot blacklist any of this. There is no issuer, no chargeback, no stolen flag inside a transaction output. A node checks whether a signature is valid, never whether the signer had any right to the key. The theft is cryptographically perfect and legally void at the same time. Everything outside the protocol works differently. Analytics firms can tag the exact outputs, exchanges can refuse the deposits, custodians can freeze accounts, and courts can order seizure. The coins stay spendable between two strangers and become close to unusable anywhere that checks identity. That gap is clearly why this may not be finished for the attacker. The Justice Department recovered 63.7 bitcoin from the Colonial Pipeline ransom, seized more than 94,000 from the Bitfinex theft, and took 50,676 from a Silk Road thief nearly a decade after the crime. None of it reversed a transaction. Each one required the holder to eventually touch something that asks who you are. For anyone still sitting on a seed made during that firmware window, the absence of a sweep is not evidence of safety. It may only mean your derivation path has not been scanned yet. Stay safe!!

  • 0xlaplaced
    0xLaplace 🔺 (@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.

  • PhaResearcher
    faizco. (@PhaResearcher) reported

    Bitcoin 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.

  • ismeidyfinanzas
    Ismeidy (@ismeidyfinanzas) reported

    Capitulation or bull trap? Bitfinex whales defy the #bitcoin sell-off and open record positions bitcoin:native is at a critical crossroads after five consecutive days of losses (May 15–19), marking its second-worst losing streak so far this year. The asset has retreated from the $80,000 range to around $76,000, dragged down by widespread weakness in the markets. However, behind the scenes, the big players are executing a move with strong conviction. 🧵

  • JacobKinge
    Jacob King (@JacobKinge) reported

    Bitcoin 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.

  • iamrahulinc
    Rahul K (@iamrahulinc) reported

    🚨𝗚𝗟𝗢𝗕𝗔𝗟 𝗦𝗣𝗢𝗧 𝗩𝗢𝗟𝗨𝗠𝗘 𝗣𝗟𝗨𝗠𝗠𝗘𝗧𝗦 𝟮𝟭.𝟳% 𝗜𝗡 𝗝𝗨𝗟𝗬! Spot trading across 14 leading exchanges fell to $429.0 billion in July, down from $547.9 billion in June. Every exchange saw a dip. Binance led with $196.5 billion (45.8% of total), followed by OKX ($41.6 billion) and Bybit ($36.3 billion), together making up 64% of activity. Uniswap ($UNI) had the mildest drop at 9.8%, while Bitfinex slumped 59.7%, Coinbase 26.4% and Bybit 24.5%.

  • TheBlockCo
    The Block (@TheBlockCo) reported

    THE BLOCK: Bitcoin bitcoin:native sat near $64,000 despite $211.5 million in spot BTC ETF inflows Tuesday and a record S&P 500 close. Bitfinex, Glassnode, and Wintermute all read the same tape: bottom signals forming through boredom, not capitulation, with no demand engine behind them yet.

  • LeaT_Design
    Lea Thompson (@LeaT_Design) reported

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

  • mattymaddog_89
    Matt Chad (@mattymaddog_89) reported

    @bitfinex Before your hair cut where you rugged me 60% of my BTC holdings because you got “hacked” **** you I’ll never forget

  • DaneiCesario
    Youngsky01 (@DaneiCesario) reported

    @bloom_pegnmk6 @bitfinex Satoshi also wouldn't recognize half the things people call "blockchain" today—he was solving a specific problem (trustless payments), not inventing a hammer for every nail in existence

  • BigTrout300
    Trout (@BigTrout300) reported

    Twap/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.

  • GainMaxxing
    Gain (@GainMaxxing) reported

    @bitfinex Bitcoin is broken money, fiat is fake money.

  • CocaColaKid_OG
    Coca Cola Kid (@CocaColaKid_OG) reported

    Drag Bitfinex BTCUSD LONGS back down to 80K. They never sell at a loss.

  • ImperiumPaper
    PaperImperium (@ImperiumPaper) reported

    Thoughts: First, congratulations to Tether! Second, note this is for Tether International, S.A. de C.V. and NOT for the parent Tether Holdings, S.A. de C.V. For USDT holders, this is mostly what matters, but does not close off hypothetical scenarios where the parent company is burning down while the issuer entity stays clean. In theory, there’s corporate separation (subject to El Salvador’s laws, which I do not know). In practice, even without shenanigans, a parent entity that Has A Bad Time could dividend out all the excess reserves at any time, reducing the equity to zero. This could be to meet a margin call, tax obligation, whatever the parent needs money for. A distressed parent can also encourage the issuer to hold assets from or extend loans to affiliates (of which there are many with all the investments Tether Holdings makes) or up to the parent. And in fact loans from Tether to Bitfinex to cover a shortfall were the heart of a conflict with the NY attorney general in 2019. So if you’re the kind of counterparty that actually cares about an audit on Tether, you 1) want to see this audit, 2) want to look for related party transactions and loans, 3) look for any covenants or governance controls to keep the parent’s problems from becoming the issuer entity’s problems.

  • Octop3s
    Octopus (@Octop3s) reported

    every BIT exchange is shutting down. never see a world where Bitfinex would ever shut down. there’s just too much money in the reserves.

  • AriDavidPaul
    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.

  • blockvaultapp
    BlockVault (@blockvaultapp) reported

    @bitfinex two lines of code for an easy block size fix.

  • eddieoz
    EddieOz ⚡ (@eddieoz) reported

    When block size warz in 2017, bcashers tried the BCC tckr. But Bitfinex was using BCH. Some say it was Bitcoin Cash, but others say it was for *******. Well, we know. That matters: if 110ers try to list their shitcoin, it is up to the exchanges to decide. CSW feelings.

  • Trend_Weaver
    Weaver (@Trend_Weaver) reported

    @bitfinex Been watching the same thing. Feels more like a slow grind than a strong reversal right now.

  • comic
    lil retard (@comic) reported

    @theswansjr I bought my first stack of BTC in 2013 at $300. Lost 100+ BTC to mtgox and bitfinex hacks I’ve been a long term believer but the narrative isn’t intact anymore. Performance has been terrible. Taken over by grifters. Your capital is better invested in high growth companies with defensible technology’s

  • morphlin_com
    Morphlin (@morphlin_com) reported

    RT @BFXSecurities: Bitfinex customers previously needed a separate sub-account to access tokenised securities. That requirement is gone. R…

  • JourneyMacro
    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

  • RicoPointEth
    𝕽𝖎𝖈𝖔 𝕿𝖍𝖊 𝕮𝖍𝖆𝖘𝖊𝖗 (@RicoPointEth) reported

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

  • realUrbanHacker
    Urban Hacker (@realUrbanHacker) reported

    After 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.