Bitfinex- bank blocked all their deposits - page 6.

freedomno1

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Learning the troll avoidance button :)

Quote from: mayax on April 17, 2017, 05:06:17 PM

Beginning 18th April, all incoming wires to Bitfinex will be blocked and refused by their Taiwan banks. This applies to all fiat currencies at the present time.

That means Bitfinex doesn't have bank accounts anymore. It seams their accounts are closed.

What's next? Take your money/funds out from Bitfinex as soon as possible.

https://www.cryptocoinsnews.com/op-ed-bitcoin-exchange-bitfinex-trouble/

http://www.coindesk.com/bitcoin-traders-raise-concerns-largest-us-dollar-exchange-halts-deposits/

Well I presume they will need to find another banking provider and that means a liquidity exchange crisis.
Sigh with the many exchanges that we have now issues with one or another minimize the impact but its still a growing pain.
Where it really bites is the people on vacation who come back and see they have withdrawal lock issues online storage is always going to have a risk attached to it.

Wind_FURY

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Quote from: European Central Bank on April 20, 2017, 10:05:35 PM

Quote from: Wind_FURY on April 20, 2017, 09:58:30 PM

Quote from: easynote on April 20, 2017, 01:11:23 PM

I am waiting for that flash dump via Bitfinex so I could get some cheap coins.

Then you are taking the risk of being Goxxed. I remember a time there were Wall Street traders who were willing to buy the Gox coins for more than a 50% discount. I do not know what happened to them now or if they made a good deal or not.

They've now stepped it up, or down, a level https://arstechnica.co.uk/business/2017/02/hedge-funds-reportedly-want-to-buy-mt-gox-bankruptcy-claims/

They know they will make a good sum in the future. According to the article they hedge funds are paying the claimants 15% of the real value. The article also mentioned this

Quote

When the claims were lodged in 2014, the Mt. Gox trustees calculated their value using an exchange rate of just under $450 per bitcoin.

So that is 15% of the real value at a price of $450 per Bitcoin? That is a very bad deal for the claimants.

pooya87

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Quote from: mindrust on April 20, 2017, 10:35:44 AM

Bitfinex is leading the prices right now and it is nearly 1300$ at the moment. This definitely smells like GOX to me. There are many sell walls on btc-e and bitstamp but they have to follow the leading price.

Considering that finex having many problems lately, I have to warn you guys. You might wanna keep some FIAT around nowadays.

[i m g]http://i.imgur.com/iMme9m1.png[/img]

having higher price doesn't automatically mean being GOX and wanting to run away, that is a small possibility among lots of other possibilities.
one of which is the fact that people are panicked (like always) and they are making irrational decisions by buying bitcoin on bitfinex on a buying frenzy.

also it seems like everyone has forgotten that before the big FUD started about split price was already at $1230-$1250 and we were all speculating the timing of $1300 and now that FUD is fading away we are rising. and that is another possibility that you forgot about.

European Central Bank

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Quote from: Wind_FURY on April 20, 2017, 09:58:30 PM

Quote from: easynote on April 20, 2017, 01:11:23 PM

I am waiting for that flash dump via Bitfinex so I could get some cheap coins.

Then you are taking the risk of being Goxxed. I remember a time there were Wall Street traders who were willing to buy the Gox coins for more than a 50% discount. I do not know what happened to them now or if they made a good deal or not.

They've now stepped it up, or down, a level https://arstechnica.co.uk/business/2017/02/hedge-funds-reportedly-want-to-buy-mt-gox-bankruptcy-claims/

Wind_FURY

legendary

Activity: 2898

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Quote from: easynote on April 20, 2017, 01:11:23 PM

I am waiting for that flash dump via Bitfinex so I could get some cheap coins.

Then you are taking the risk of being Goxxed. I remember a time there were Wall Street traders who were willing to buy the Gox coins for more than a 50% discount. I do not know what happened to them now or if they made a good deal or not.

easynote

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CryptoTalk.Org - Get Paid for every Post!

I am waiting for that flash dump via Bitfinex so I could get some cheap coins.

South Park

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I am terrible at Fantasy Football!!!

Quote from: crazyivan on April 17, 2017, 11:57:59 PM

Don't make another Mt.Gox from something it s not Mt.Gox, yet!

Give them a bit time to resolve this, getting back after that big hack was not an easy thing to do. More panic and false accusations do not benefit them, us or the industry.

One thing bitcoin users are short is patience and when we take into account all the bad things that have happened on the past giving the benefit of the doubt it is difficult for most users, this could crash the price of bitcoin and no one wants that.

mindrust

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Bitfinex is leading the prices right now and it is nearly 1300$ at the moment. This definitely smells like GOX to me. There are many sell walls on btc-e and bitstamp but they have to follow the leading price.

Considering that finex having many problems lately, I have to warn you guys. You might wanna keep some FIAT around nowadays.

lite

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Quote from: mikoko13001 on April 20, 2017, 12:58:54 AM

Quote from: Wind_FURY on April 19, 2017, 08:13:19 PM

Quote from: mayax on April 19, 2017, 08:06:57 AM

Quote from: mikoko13001 on April 19, 2017, 04:21:18 AM

i m a trader on bitfinex since 2 years now, i tried to withdraws all my coins nearly (48BTC) they decline my withdrawals each time !!!

Sounds like a GOX plan , bitfinex REP you are welcome!

did you contact them?

I would not believe a post from a newbie. Give us more proof like screen shots of your declined withdrawal. If you really have Bitcoins trapped in Bitfinex it would be better to keep quiet about it until you get them out. That is what a real person with 48 BTC do. Crying out in the forum now will risk a panic.

Damn, why did you keep so much coins on bitfinex? did you contact support before posting it here?
i only have few dollars there, will convert to btc and wd asap and say good bye to finex forever!

mayax

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as long Bitfinex won't have a financial license, all these shits will happen.

in the mean time, ALL their fiat withdrawals are on hold.

mikoko13001

newbie

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Merit: 0

Quote from: Wind_FURY on April 19, 2017, 08:13:19 PM

Quote from: mayax on April 19, 2017, 08:06:57 AM

Quote from: mikoko13001 on April 19, 2017, 04:21:18 AM

i m a trader on bitfinex since 2 years now, i tried to withdraws all my coins nearly (48BTC) they decline my withdrawals each time !!!

Sounds like a GOX plan , bitfinex REP you are welcome!

did you contact them?

I would not believe a post from a newbie. Give us more proof like screen shots of your declined withdrawal. If you really have Bitcoins trapped in Bitfinex it would be better to keep quiet about it until you get them out. That is what a real person with 48 BTC do. Crying out in the forum now will risk a panic.

http://img4.hostingpics.net/pics/825496ded.jpg

Pearls Before Swine

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Quote from: Pai Mei on April 17, 2017, 09:13:36 PM

If they were going Gox they probably would make easy to deposit but hard to withdraw

WTF are they doing?

I don't think that's their intention, but who knows. It looks more like they ran into a regulatory brick wall or something.

Regardless of whether they can deal in fiat or not, they could still just be a bitcoin & altcoin exchange, though that would no doubt sink their profits. And I agree, withdrawals not being stuck is a good sign. And they haven't claimed to have been hacked, either.

pooya87

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Quote from: Wind_FURY on April 19, 2017, 08:13:19 PM

Quote from: mayax on April 19, 2017, 08:06:57 AM

Quote from: mikoko13001 on April 19, 2017, 04:21:18 AM

~

did you contact them?

I would not believe a post from a newbie. Give us more proof like screen shots of your declined withdrawal. If you really have Bitcoins trapped in Bitfinex it would be better to keep quiet about it until you get them out. That is what a real person with 48 BTC do. Crying out in the forum now will risk a panic.

if you read his previous post, he said they paid him finally!
although i still don't believe it as this was the only thing i have ever heard talking about problems with withdrawal of bitcoin and it is a brand new account. besides there can be a million reason for denying this particular and only transaction that we will never know.

Wind_FURY

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Quote from: mayax on April 19, 2017, 08:06:57 AM

Quote from: mikoko13001 on April 19, 2017, 04:21:18 AM

i m a trader on bitfinex since 2 years now, i tried to withdraws all my coins nearly (48BTC) they decline my withdrawals each time !!!

Sounds like a GOX plan , bitfinex REP you are welcome!

did you contact them?

I would not believe a post from a newbie. Give us more proof like screen shots of your declined withdrawal. If you really have Bitcoins trapped in Bitfinex it would be better to keep quiet about it until you get them out. That is what a real person with 48 BTC do. Crying out in the forum now will risk a panic.

naidray

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Quote from: SONG GEET on April 18, 2017, 01:04:46 AM

Bitfinex doesn't have competent team behind and they always have some glitches and they are known to have lots of security holes. I still can't forget how they got hacked few months ago which lead to massive price crash. They must shut down their exchange and we must stay away from them.

I have already stopped using them after they got hacked.

The main reason behind this is their incompetency. They need to focus on their loopholes. As mostly people don’t trust on them due to the happening of previous incident. Now why do such things happen and what steps to be taken to prevent such activities in future. It needs to be identified by the Bitfinex team. If serious are measures are not taken by them it will result very badly for them. No one want to take risk for them people will go to alternate exchanges.

mikoko13001

newbie

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Quote from: Red-Apple on April 19, 2017, 08:48:33 AM

Quote from: crazyivan on April 19, 2017, 04:33:58 AM

Is it confirmed it s not possible to withdraw BTC from Bitfinex? Not talking about wire transfers, what s with withdrawals?

apart from that newbie account which is obviously a throwaway account created to start some FUD and panic possibly because he lost some money in some bad trades, i have not seen anybody who has complained about not being able to withdraw any of the cryptocurrencies.

and if you check out the price you can see price of bitcoin is rising because of this on bitfinex. people are afraid and are buying bitcoin over the market price with their fiat balance to withdraw that bitcoin.

here is their public cold storage and how its balance is going down because of the withdrawals.
https://blockchain.info/charts/balance?address=3D2oetdNuZUqQHPJmcMDDHYoqkyNVsFk9r

Majority of their users have less than a bitcoin in their account, people withdraw 0.1-0.5 BTC , there is no reason for them to block these small amont , if they would do it would be panic on all forums ..

My guess is that , they just felt unconfortable with the amont i withdrew and they cancelled it. There is bigger players than me on this plateform (+300 BTC) But of course not many, let's see if one of them is able to confirm and share their experiences.

mikoko13001

newbie

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Quote from: RamBahadur.Gurung on April 19, 2017, 05:27:12 AM

Quote from: mikoko13001 on April 19, 2017, 04:21:18 AM

i m a trader on bitfinex since 2 years now, i tried to withdraws all my coins nearly (48BTC) they decline my withdrawals each time !!!

Sounds like a GOX plan , bitfinex REP you are welcome!

48 BTC is a huge amount. That is almost 1,000 times my BTC balance. Why did you keep this much BTC in the Bitfinex account? I was thinking that people might have learnt their lessons after the Mt Gox scam.

I agree its a huge amont, but i trade bitcoins for 2 years now (mostly as a hobby when i have some free time ) and with this kind of funds i was able to earn 400-600 USD daily (in few hours of trades)

Finally got my funds out of bitfinex plateform . Soon after i posted on here / tweeter and another forum. Someone from their support answered to my ticket (real quick) , i initiated a new withdrawal and its been validated ...

I ve been told that i cancelled myself (manually) the first withdrawal that is completely false Wink

.

sikke

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Quote from: Pab on April 19, 2017, 11:39:49 AM

Looks like new Gox,that exchange will be shuted down,but it will not affect btcprice

I agree with you, that bitfinex won't affect the bitcoin price, it will only change it on the exchange, when they are trying to put out their funds in panic.
Im really glad that I have never touched bitfinex, they had many problems before, and we see yet another issue which is a very serious one. This time, their bank accounts got suspended so Im pretty much afraid what is going to happen with the funds of their clients.
I think that the reason of suspension is that the goverment is afraid that it is one big money laundering project, which is literally pumping out the money from the illegal businesses.

Pab

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Looks like new Gox,that exchange will be shuted down,but it will not affect btcprice

bamboylee

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Bitfinex never run out of schemes to scr3w their customers. It was just very recent when they announce they have enough bitcoins to payback the lost of users in the last hack. Now, this?

Why would anyone still trust bitfinex?

Topic: Bitfinex- bank blocked all their deposits - page 6. (Read 11035 times)