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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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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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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. ๐ด Mt. Gox โ 2014 Hot-wallet theft + years of mismanagement โ insolvency ~850,000 BTC (~200k later recovered) ๐ด Bitfinex โ 2016 Hot wallet breach ~119,756 BTC ๐ด Coincheck โ 2018 Hot wallet breach (NEM) ~523M XEM (~USD 530M then) ๐ด Zaif โ 2018 Hot wallet breach ~5,966 BTC + other assets (~USD 60M) ๐ด QuadrigaCX โ 2018โ19 Not a classic hack: founder death + "inaccessible" cold wallets; monitor found big shortfall / suspected fraud ~26,000 BTC + other coins (~CAD 190โ250M+) ๐ด Cryptopia โ 2019 Hacked, then liquidation (BTC + alts) ~USD 16M+ initially reported ๐ด Binance โ 2019 Hot wallet breach 7,000 BTC (~USD 40M โ SAFU covered users) ๐ด KuCoin โ 2020 Hot wallets breached ~USD 275M mixed tokens ๐ด BitMart โ 2021 Hot wallets breached ~USD 150โ200M mixed ๐ด FTX / Alameda โ 2022 Fraud & insolvency; customer funds misused ~USD 8โ10B shortfall ๐ด DMM Bitcoin โ 2024 Unauthorized outflow 4,502.9 BTC (~USD 300M+) ๐ด WazirX โ 2024 Multisig / custody breach ~USD 230โ235M mixed ๐ด Bybit โ 2025 Cold-wallet / signer exploit ~401,000 ETH (~USD 1.4โ1.5B), not BTC-led Custodial and protocol heists together โ centralized exchanges plus DeFi and bridges โ run into the tens of billions of dollars over their lifetime at event prices, with single bad years clearing USD 2โ3B 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 0.04โ0.07B. 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 โ 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 โ and understand that from a strict safety analysis, your funds have never been safer than in self custody.
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BlackIntus (@Blackintus) reportedCrypto Fear & Greed Index: 16/100 โ โextreme fear.โ Bitcoin briefly broke $60K last week โ worst stretch since FTX collapse in 2022. Now rebounding to $63,800. But Bitfinex warns: โRallies are increasingly being sold rather than accumulated.โ The structural problem hasnโt changed. Macro is restrictive. Rates are going higher. Bitcoin is a risk-on asset in a risk-off environment. ๐ฐ YOUR MOVE: The $63,800 bounce is a relief rally, not a reversal. For the trend to change you need two things: Strait of Hormuz reopens (oil down, inflation pressure eases, Fed pause) or SpaceX IPO capital returns to crypto after the excitement fades. Neither is happening this week. If youโre long crypto, set a stop at $58,000. If youโre waiting to buy the dip โ the structural floor is $52,000, not $60,000. @Blackintus
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samsainlove .ยฐหโง (@samsainlove2) reported@bitfinex BEWARE ! BITFINEX HOLDING CUSTOMERS FUNDS PRETENDING COMPLIANCE ISSUES !
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2weed ๐ต๐ธ (@TAUHEED5) reported@CW8900 Wtf is bitfinex whale
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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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EyeOnChain (@EyeOnChain) reportedAbraxas Capital isn't slowing down its ETH buying. Over the past 7 hours, Abraxas Capital has withdrawn more than 15,477 ETH, worth over $29.88 million, from major exchanges. That brings its total ETH accumulation over the past week to more than 48,996 ETH, valued at over $88 million, withdrawn from Binance, Bybit, and Bitfinex. The steady stream of exchange withdrawals suggests Abraxas continues to aggressively accumulate ETH rather than keeping it on trading platforms.
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Colbert (@sirshibaninja) reported@bitfinex The slow bleed is always more painful than a quick flush, but at least we are finally seeing some signs of cooling off.
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0xLaplace ๐บ (@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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Lea Thompson (@LeaT_Design) reported@whale_alert more money into bitfinex. hope they're building **** not just moving it.
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El Gลซapo (@El_Guapooo_) reported@bitfinex Almost like they need capital to fund their AI pivot. No **** they are selling their BTC.
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Cryptocrat (@Cryptocratico) reported๐จ $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 shiftโnot evidence of a sale. Customer withdrawals, custody, OTC settlement or liquidity management remain possible.
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Sumbull (@Ssas_33) reported@MaxCrypto Bitfinex whales donโt known ****
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Whistleblower (@whistleblowerTA) reportedTether, the largest stablecoin issuer in the crypto industry, currently has a market capitalization of around $184 billion. According to publicly available data, it was the 7th-largest net buyer of U.S. Treasury bills in 2024 and is on track to become one of the top 10 purchasers of U.S. T-bills in 2026. Tether's demand for Treasury bills helps finance U.S. government debt. What's surprising is that Tether has existed for 14 years, yet it still has not published a full independent audit proving that all USDT tokens are fully backed by reserves. But in March 2026, Tether engaged KPMG, one of the Big Four accounting firms, to conduct its first full independent financial statement audit covering USDT reserves and the company's financials. KPMG is not infallible, no auditor is. However, it is generally considered far more credible than smaller accounting firms. There have also been notable audit failures involving KPMG, including: - Wirecard (Germany, 2020): KPMG was involved in reviewing a company that later collapsed after a โฌ1.9 billion accounting fraud was uncovered. - Carillion (UK, 2018): KPMG faced criticism over its audit work before the construction giant went bankrupt. - KPMG has also faced regulatory fines from authorities such as the U.S. SEC and the UK's FCA over deficiencies in certain audits. Although KPMG's involvement could significantly strengthen confidence in Tether, it should not be viewed as proof of perfection. For years, Tether changed statements on its own website, including earlier claims that every USDT token was fully backed by U.S. dollars. Tether is also closely connected to the Bitfinex exchange, with both companies sharing common ownership. In 2018, Tether arranged a "verification" by Friedman LLP. The day before the verification, Bitfinex transferred approximately $382 million to Tether's bank account to demonstrate reserves, and the funds were moved out shortly afterward. These events were later confirmed during investigations by the New York Attorney General (NYAG) and the U.S. Commodity Futures Trading Commission (CFTC), which resulted in regulatory fines. Tether and Bitfinex ultimately paid $18.5 million and $41 million in fines, respectively, related to misleading statements about reserve backing and other regulatory violations. Tether also faces significant regulatory pressure in the European Union and has not obtained authorization under the MiCA regulatory framework, leading to restrictions on its availability in parts of the EU. Tether remains one of the most controversial companies in the cryptocurrency industry, yet it also plays a crucial role in providing liquidity across the crypto market.
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Cloakd โ (@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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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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Bitcoin Consultants (@BTCConsultantNL) reported@ChrisFromAT @AquaBitcoin What do you mean? Canโt you send it without sideshift? Trade on HodlHodl, Peach Bitcoin, Bitfinex? They all support liquid network?
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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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Dom's Crypto (@Doms_Crypto) reportedBitcoin has crashed = bears are happy BUT: bitcoin:native has printed same low on RSI14 level around ~12.00 - same as back on massive crash down to $60,000 (see on the second chart) An indecisive 4-hour candle printed which can bring buyers back into the game Bitfinex Longs going nuts
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Uฤraล Bay (@kochobay) reported@bitfinex A hacker, when he/she asked for 1 bitcoin to send decryption method for the disk of a virtual server :)
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Crypto Why Bother (@CryptoWhyBother) reportedBitfinex bitcoin:native whales ("Smart Money") increasing LONGs on the way down, similar to Jan-Feb. ๐ง Watch out for those consistent (contrarian) patterns. Meanwhile, Funding Rate and Open Interest still somewhat elevated. Bulls defending the LONG side. Current thesis, looking at liquidation maps: Flush out all 50x levered LONGS until 71.5K. Build a nice Higher Low. Run it up again. ๐ง Watch out for Funding Rates going negative, before market makers reverse course of action.
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Lea Thompson (@LeaT_Design) reported@cryptojack bitfinex whales again. ****. show me the actual settlement data.
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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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Gain (@GainMaxxing) reported@bitfinex Bitcoin is broken money, fiat is fake money.
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Golden Luco (@GoldenLuco) reportedBitfinex Alpha suggests key levels to watch for Bitcoin's next move, signaling potential trend shifts. Traders should monitor these support and resistance zones closely. Will Bitcoin break through or bounce back? Stay alert and share your thoughts! #Crypto #Bitcoin #Trading
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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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EddieOz โก (@eddieoz) reportedWhen 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.
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Ari Paul (@AriDavidPaul) reported@nic_carter At least two of cryptoโs 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, butโฆa 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 heโs still running pumps and dumps as the worldโs richest felon.
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Rahul K (@iamrahulinc) reported๐จ๐๐ฅ๐๐๐ก๐ง๐๐ก๐ ๐๐จ๐๐๐ ๐๐ฅ๐๐๐ญ๐๐ฆ ๐ฎ๐ฑ ๐๐๐๐ฅ๐โ๐ฅ๐๐๐๐ง๐๐ ๐๐๐๐ข๐จ๐ก๐ง๐ฆ! Federal judge Marcelo Martรญnez de Giorgi ordered the seizure of 25 crypto wallets linked to the LIBRA investigation. He instructed Binance, Bybit, OKX, CoinEx, FixedFloat and Bitfinex to provide user KYC, IP login data, associated bank accounts and complete transaction histories. Police report that the money flowed from โTeam Libra Walletsโ across several blockchains and centralized exchanges, using split transfers to mask its path. $BTC
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Coca Cola Kid (@CocaColaKid_OG) reportedDrag Bitfinex BTCUSD LONGS back down to 80K. They never sell at a loss.