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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.

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Bitfinex Issues Reports

Latest outage, problems and issue reports in social media:

  • 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.

  • JourneyMacro
    Nomad (@JourneyMacro) reported

    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

  • 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%.

  • _Tyrano_
    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.

  • losingshekels
    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

  • Stashquants
    Stash Management (@Stashquants) reported

    @bitfinex @bitfinex My account is being terminated, but withdrawals are disabled. Your deadline is 15 Aug, 10:00 UTC. I’ve contacted support. Please urgently enable withdrawals or provide an alternative way to withdraw my funds.

  • whits23
    whits (@whits23) reported

    @SaniExp have not heard from you lately. Bitfinex had 30000 bitcoin but just shut down with only 3600? Any explanation or truth? @w_s_bitcoin @Pledditor

  • Doms_Crypto
    Dom's Crypto (@Doms_Crypto) reported

    Bitcoin 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

  • skygecko_
    SkyGecko❄️ (@skygecko_) reported

    One thing Apple shares, Brazilian credit, and $1.6B worth of nickel had in common this week is that... They all became part of the onchain financial system. The market has moved beyond the usual Treasury narrative, with tokenized stocks, commodities and real-world credit becoming increasingly usable across DeFi. Here’s what happened: → Coinbase tokenized U.S. stocks on Base Apple, Nvidia, Meta and Alphabet are now available to eligible non-U.S. users, backed 1:1 by real shares. They can trade 24/7 and connect with protocols like Aave, Morpho and Euler. The stock doesn’t just sit onchain, it can be used. → $50M of nickel was tokenized Bitfinex Securities completed a $50M raise tied to ~7M meters of 99.99% pure nickel stored in Switzerland and valued at ~$1.64B. Physical commodities are becoming financial products people can access digitally. → Brazilian credit entered RWA Earn Bybit added nOPAL, a tokenized Brazilian credit-card receivables strategy with $70M+ TVL and a reported ~12% 30-day rolling yield. → Trade finance moved beyond the pilot stage POSCO International completed a live tokenized trade-receivables transaction where verified invoices and shipping documents were used to support an actual financing deal. Meanwhile, tokenized RWA value sits around $38B with holders around 3M. RWA is slowly becoming more about making aseets useful once they come onchain.

  • sirshibaninja
    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.

  • SITGnews
    Skin In The Game (@SITGnews) reported

    Bitcoin faces a key inflation test this week as key support levels near $60K are watched closely by Fidelity and Bitfinex. CryptoQuant warns the bear cycle may not be over.

  • morphlin_com
    Morphlin (@morphlin_com) reported

    RT @WuBlockchain: Bitfinex Alpha: Bitcoin Lacks Sustained Spot Buying Support Bitfinex Alpha said the softer-than-expected US June CPI pus…

  • CryptoSuzy888
    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.

  • whistleblowerTA
    Whistleblower (@whistleblowerTA) reported

    Tether, 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 €1.9 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.

  • giacomozucco
    Giacomo ShadowUNbanned Zucco (@giacomozucco) reported

    @gegelsmr4 Interestingly enough, this (interesting) ethical problem is only practically relevant if you are going to send the feds after them. Which is a retarded thing to do anyway, since the feds steal much more money (with violence and guns, not "finding" it) and even if they caught the attackers would keep the loot for themselves (cf Bitfinex). So it's a theoretically important question which cyphertank theory makes irrelevant: just make your keys hard to find.

  • Wild_Randomness
    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…

  • CosimoCapital
    Cosimo Capiτal ⚜️ (@CosimoCapital) reported

    I agree most dual equity/token structures are broken, but saying there are no examples is too strong. ethereum:0x2af5d2ad76741191d15dfe7bf6ac92d4bd912ca3 might be the only clean counterexample: Bitfinex/iFinex had equity, issued a token, and routed real business revenue into buybacks and burns. That is the key distinction. LEO did not work because it had vague governance, ecosystem utility, or a “community” narrative. It worked because the token had explicit, credible value accrual. The lesson is not that equity + token never works. The lesson is that it almost never works unless the token has a real economic sink tied to the business. Crypto Twitter has also changed. It is starting to act less like moonbois and more like activist investors. People are demanding value capture, capital return, burns, buybacks, transparency, and alignment. We should study what has actually worked and duplicate the mechanism instead of pretending every token needs to be a vibes-based governance asset.

  • tarkbalakar
    tarık (@tarkbalakar) reported

    BitMex is shutting down. Now BitMart. What's next? Bitget Bitstamp Bitfinex Bithumb bitFlyer Bitso Bitkub Bitvavo Bitpanda Bit2Me

  • CrypstocksAI
    Luna By Crypstocks AI (@CrypstocksAI) reported

    the quietest structural fight in crypto right now is at the sec/cftc: is a perpetual on a US stock a future or a swap? ondo and hyperliquid both filed comment letters on aug 24 in the joint product-definitions review, arguing cash-settled equity perps qualify as security futures. no fixed expiry is not disqualifying — recurring funding does the convergence job that expiration used to do, ondo argues — so no new law is needed, just the existing sec/cftc joint framework applied as is. the demand side is already offshore: ondo's stablecoin-settled stock perps did 8b usd cumulative volume in about six weeks, and the hyperliquid policy center says its HIP-3 equity markets cleared 480b usd notional in 10 months. it runs on the same rails as tokenized stocks — 29.5b usd/month of onchain stock transfer volume, coinbase's B20 tokens on base, bitfinex securities listing btc-treasury notes on liquid. issuance and derivatives are converging into one onchain equity market. classification decides everything. as security futures, stock perps land in the joint sec/cftc regime — designated contract markets, notice registration, margin accounts — and us persons get access onshore. as swaps, they fall into cfTC dealer and clearing plumbing and stay effectively offshore. the risk: joint rulemaking is exactly what stalls when the CLARITY window closes, and courts may not buy 'funding replaces expiration' just because two comment letters say so. the letters are in; the agencies' answer is the market-structure event. $HYPE

  • Cryptocratico
    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.

  • CaptSpectacular
    CaptSpectacular (@CaptSpectacular) reported

    @bitcoinmunger @bitfinex @tradingview Just another avenue for capitulation. Now we got etfs, saylor ponzi and this. ****.

  • KathlynTuc77441
    Kathlyn Tuccillo (@KathlynTuc77441) reported

    Bitcoin 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

  • nat_xgg2288
    DMT-NAT 小果果(晨曦) (@nat_xgg2288) reported

    @fiatarchive Remaining BTC Supply Projection April 2026 Remaining: 984,370 coins (Block reward per block: 3.125 BTC) April 2027 Remaining: 820,310 coins (Block reward per block: 3.125 BTC) April 2028 Remaining: 656,250 coins (Block reward per block: 1.5625 BTC) April 2029 Remaining: 574,210 coins (Block reward per block: 1.5625 BTC) April 2030 Remaining: 492,180 coins (Block reward per block: 1.5625 BTC) April 2031 Remaining: 410,150 coins (Block reward per block: 1.5625 BTC) April 2032 Remaining: 328,120 coins (Block reward per block: 0.78125 BTC) April 2033 Remaining: 287,100 coins (Block reward per block: 0.78125 BTC) April 2034 Remaining: 246,090 coins (Block reward per block: 0.78125 BTC) April 2035 Remaining: 205,070 coins (Block reward per block: 0.78125 BTC) April 2036 Remaining: 164,060 coins (Block reward per block: 0.390625 BTC) April 2037 Remaining: 143,550 coins (Block reward per block: 0.390625 BTC) April 2038 Remaining: 123,040 coins (Block reward per block: 0.390625 BTC) April 2039 Remaining: 102,530 coins (Block reward per block: 0.390625 BTC) April 2040 Remaining: 82,030 coins (Block reward per block: 0.1953125 BTC) By the completion of the 7th halving (projected April 2036): Total Bitcoin minted: 20,835,937.5 coins Total Bitcoin left unmined: 164,062.5 coins This means that by April 2036, 99.22% of Bitcoin’s total supply will have been fully mined. The gradual depletion of block rewards is hardcoded into Bitcoin’s protocol and can be calculated with absolute precision, yet most people fail to grasp this reality, refuse to believe it, or simply deny this inevitable outcome. Let us break down a critical question: Can Bitcoin sustain steady operation all the way to the 7th halving in April 2036 relying solely on its current block reward model? A simple cost analysis lays bare the issue. The current mining cost per Bitcoin stands at roughly $75,000. After three more halvings, mining costs will surge eightfold, pushing the cost per coin to $600,000. At that price point, Bitcoin’s overall total market capitalization would need to top $12 trillion. By contrast, the total hardware value of all Bitcoin mining rigs across the globe is only around $7 billion. How can a $12 trillion market be supported by merely $7 billion worth of mining hardware? This is utterly illogical and devoid of basic market sense. Are all institutional investors and capitalists in this space ignorant or irrational? This scenario completely defies commercial logic and fundamental capital principles. Scaling up network hash rate will only drive mining costs higher, amplify operational losses, and accelerate the onset of a death spiral. This is an unsolvable dead end under the existing rules—there is only one fix: expand block reward supply. The solution: #NAT #NAT is a native asset built directly on the Bitcoin mainchain. It shares identical hash power, blockchain, block generation cycle and wallet address system with Bitcoin, minting synchronously every ten minutes within each block. It functions as the secondary native asset minted in parallel within every Bitcoin block, Bitcoin’s twin asset sharing the same foundational blockchain infrastructure. Two of the world’s top 4 mining pools, SpiderPool and F2Pool, have already begun distributing #NAT to miners. The entities with the most to lose are the major Bitcoin holders ranked below: 1. Coinbase (Exchange + ETF custody): 976,000 BTC ​ 2. Strategy (formerly MicroStrategy, public listed firm): 845,300 BTC (Latest financial filing update, June 8) ​ 3. BlackRock IBIT (iShares Bitcoin Spot ETF): 817,100 BTC ​ 4. Binance (User exchange reserves): 631,000 BTC ​ 5. BTC seized by the U.S. government: 328,400 BTC ​ 6. Fidelity FBTC ETF: 190,000 – 200,000 BTC ​ 7. Grayscale GBTC: 144,000 BTC (Sustained net redemptions and drawdowns) ​ 8. Bitfinex Exchange: Approximately 195,000 BTC

  • midwit_retard
    wittery (@midwit_retard) reported

    @Wild_Randomness @ch1ckenNS correlation def works but feels like some weird data issue? where does this long accumulation data on bitfinex come from eve..

  • TradingArgent0
    TradingArgento (@TradingArgent0) reported

    @bitfinex No, it will retrace to the key level of 72k, a support zone.

  • TheBull1123
    The Bull Q🐂 (@TheBull1123) reported

    🚨SOMEONE JUST OPENED A $16,000,000 $XRP LONG. At the same time, Bitfinex whales are aggressively increasing their $XRP positions. Wtf is going on???

  • TheBlockCo
    The Block (@TheBlockCo) reported

    THE BLOCK: Bitfinex Securities has listed five tokenized products offering exposure to bitcoin treasury companies, including Strategy $MSTR, Metaplanet, H100, and Capital B. The equity-backed notes are issued via a Luxembourg securitization fund and trade against USD, USDT, and bitcoin bitcoin:native.

  • catchingflaws
    catching flaws (@catchingflaws) reported

    Alts did a full 180: 67 green, 9 red, avg +2.8%. $ARB +35% on record DEX volume — the L2 finally woke up. $DASH +12.9% riding the privacy bid, OI up 49%. Losers are rounding error: $POL -4.2%, $LEO's -2.4% is just Bitfinex noise. BTC dom 59.1%. Sentiment: BUY — 67/9 breadth, alts beating BTC as dominance slips.

  • NotSpikeG
    Spike (@NotSpikeG) reported

    @Wild_Randomness @doppel_ichi Can you explain to me the actual thesis with the bitfinex longs?Its funny how its working spot on most of the times.

  • ventotene12
    Egs (@ventotene12) reported

    @bitfinex Bro we’re down like 10%

Bitfinex detected incident history

These records describe service-wide increases in reported problems. They do not confirm an outage at every address. Recorded end times describe our detection window, not a provider-confirmed repair.

  • Detected:
    No end recorded. This alone does not establish the current status.
  • Detected:
    Detection ended: (39 minutes)
  • Detected:
    No end recorded. This alone does not establish the current status.
  • Detected:
    No end recorded. This alone does not establish the current status.
  • Detected:
    Detection ended: (13 minutes)
  • Detected:
    Detection ended: (44 minutes)

What to do if Bitfinex is not working

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How to interpret these reports

Direct reports are submitted by visitors. Locations may be estimated from their connection or supplied by the reporter. A low local count does not establish that service is working; the service-wide status and local report totals describe different areas. How our outage detection works